![]() Open a DOWN order when combining the SMA30 with the Japanese candlestick pattern This is an effective way of opening a DOWN order, preferred by experienced traders. And the appearance of a bearish continuation candlestick pattern will give us an entry signal. We can consider SMA30 as a resistance line in a downtrend. (Candlestick patterns such as Bearish Harami, Evening Star, Shooting Star, etc.)Įxplanation: When the candlestick chart is completely below the SMA30, a downtrend appears. ![]() Open a DOWN order when: The Japanese candlestick pattern continues the downtrend formed below the SMA30. This is the perfect combination to make a decision to open a trade with a high winning rate. And the continuation candlestick patterns will be the signals to open an effective order. The SMA30 indicator is for determining the current market trend. How to open a binary option when using the SMA30 combined with resistance and support Combine with highly accurate candlestick patterns Open a DOWN order when: The price goes down from above the SMA30 line to fall out of the support. Open an UP order when: The price goes up from below the SMA30 line to break out of the resistance successfully. The expiration time of 15 minutes to 30 minutes. Combine with Support and ResistanceĬonditions: A 5-minute Japanese candlestick chart. However, to have more safe entry conditions as well as increase the accuracy of trend prediction, it is best to incorporate basic indicators or a reliable candlestick pattern. SMA is a highly effective indicator when used in long-term transactions. Find an entry point using the SMA10 and SMA30 How to trade binary options with SMA indicator Open a DOWN order when: The SMA10 crosses the SMA30 line from above. Open an UP order when: The SMA10 crosses the SMA30 line from below. And combining the two SMA lines together, we will get a safe entry point according to the price movement when they intersect. Beside, SMA30 is used by traders to forecast the upcoming mid-term trend. SMA10 is an indicator that captures price movement in the short term. Use the SMA30 indicator to identify market trends Combine SMA10 (short-term) and SMA30 (medium-term) indicators to find entry points ![]() ![]() Used to identify market trendsīullish trend when: The 5-minute Japanese candle chart is above the SMA30 line.īearish trend when: The 5-minute Japanese candle chart is below the SMA30 line. Looking at the slope of the SMA, you can guess how the price will change to make the best decision. Therefore, it helps us predict future prices. The SMA helps investors find out future price trends. Common SMAs used by traders How to use SMA indicator – SMA for short-term use: SMA(10), SMA(14), SMA(20)įor example, SMA (50) means the moving average of the 50 candles on the closing price of the previous 50 candlesticks. It is the average of closing prices over a given period of time. What is SMA? How does SMA indicator work? SMA is a type of analytical indicator that relies on past price movements to forecast future trend movements. It is considered by trend traders as an indispensable support tool. 6 Notes when using the SMA indicator in binary options trading Video on how to use SMA indicator for long-term trading ![]()
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