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How to Create a Simple Reversal Trading Strategy
Creating a Trading Strategy Based on Patterns and Moving Averages
This article presents a simple reversal strategy based on a few simple technical tool. The main aim is to present a basic framework from where a more complex strategy is built.
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The Components of the Strategy
The strategy has two components, a pattern and a moving average. The two are used together as brothers in arms where the pattern delivers the signal and the moving average confirms it. This strategy is but a simple example of what you can do to combine technical indicators and tools together. What is the pattern?
