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Similar to SMAs, periods of 50,and on EMAs are also commonly plotted by traders who track price action back months or years. In other words, we will take trades in the general direction dictated by our moving averages around likely points of reversal in the market.
Using technical analysis allows you as a trader to identify range bound or trending environments and then find higher probability entries or exits based on their readings. Offers an improved version of the oscillator for the trend detection. Reading the indicators is as simple as putting them on the chart.
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