Day trade pullback strategy is great Forex trading strategy for day traders. The trading opens and closes in same day. It utilizes 15 minute, 30 minute, or hourly Heikin Ashi charts for trading. Heikin Ashi charts are similar to candlestick charts that are useful for determining extremely short term trends. Day trade pullback strategy provides entry and exit signals and signifies major trends.
Technical Indicators: 10 EMA, 30 EMA, 1 Day or 30 minutes Heikin Ashi Candlestick Chart
Long Strategy:Buy gold currency pair when the 10-period EMA rises above the 30-period with significant gap between the two periods.
Short Strategy: Sell gold currency pair when the 10-period EMA falls below the 30-period with significant gap between the two periods.