Article by Investazor.com
In this article I will show you how to trade using a strategy which combines the candlestick patterns with the moving averages. For better understanding I would recommend you to read also:
Candlesticks In Day To Day Trading
Candlestick Patterns In Technical Analysis
Trading Candlestick Patterns At Key Levels
In the articles above I have introduced the candlestick chart and motivated why it is one of the most used type of charts. I have explained how candlesticks are formed and which are the most important and frequently used patterns as well a strategy on how to use this type of patterns at key levels.
Let us talk a little about Moving Averages before getting to discuss about the trading strategy. A widely used indicator in technical analysis that helps smooth out price action by filtering out the “noise” from random price fluctuations. A moving average (noted MA) it is a trend following indicator, or also known as lagging indicator. It is one of the most known and used indicator among technical analysts and not only.
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