Strategy EMA10/20 is a daily cycle of analyzes and setups created under the patronage of Naga Markets. All presented analyzes and items will concern only the EMA10/20 Strategy, which as its name suggests is based on 10 and 20 periods, exponential moving averages.
Looking at the pairs today for possible signals for the EMA10 / 20 strategy, my attention was drawn to the quotations of two currency pairs: EURUSD and GBPUSD.
Potential short on EURUSD
Looking at the EURUSD currency pair, we notice that due to the increases lasting since last Friday, the rate has reached the area of bearish fast moving averages. If in the near future a candle formation appears, signaling the potential rejection of this zone (pin-bar or covering the bear), I will consider opening short positions.
Short on GBPUSD
The current situation on the GBPUSD pair also looks very similar. In this case, however, already on the last Friday, the first supply reaction appeared, which was a signal for me to open short positions.
All setups for the EMA 10/20 strategy are opened in the account of the Naga Markets broker, where I run a separate account for the above mentioned strategy. It is also worth noting that through its platforms, including the SwipeStox social trading platform, NAGA Markets offers over 750 trading instruments under the highest liquidity ensuring fast and reliable execution of orders.