EMA Crossover Strategy (1-minute chart)
- Use 8 EMA and 55 EMA indicators
- Look for crossovers:
- Buy: 8 EMA (GREEN) crosses above 55 EMA
- Sell: 8 EMA (GREEN) crosses below 55 EMA
- Wait for a pullback:
- Buy: Red candle, followed by a green candle closing above 8 EMA
- Sell: Green candle, followed by a red candle closing below 8 EMA
- Set stop-loss (SL):
- Buy: Below recent swing low (red candle low)
- Sell: Above recent swing high (green candle high)
- Take profit: 1.5 risk-to-reward ratio
- The candles need to reject off the 8ema or be away from it, the wick can go through but the body of the candle must not
- Trading View Setup
- Open TradingView and select your market (e.g., Nasdaq, gold futures)
- Add 8 EMA and 55 EMA indicators
- Set time frame to 1-minute
- Customize colors and line styles as needed
- Added confluence is to also look at the 5 minute chart the same time like this:
- If the 5 minutes is going down like this then it is more likely the trade will also go down on the 1 minute chart
