The Golden Cross 4H Strategy ๐
1. Check the 4H Trend ๐
โข Add 50 EMA (fast) ๐ข and 200 EMA (slow) ๐ต to your chart.
โข Golden Cross: 50 EMA crosses above 200 EMA = Buy signal ๐.
โข Death Cross: 50 EMA crosses below 200 EMA = Sell signal ๐.
2. Wait for the Pullback ๐ฏ
โข After a Golden Cross, wait for the price to retest the 50 EMA ๐.
โข If the price bounces upward โฌ๏ธ, enter a Buy trade โ , with a Stop Loss (SL) below the 200 EMA โ ๏ธ.
3. Confirm with RSI ๐
โข RSI > 50 = Strong momentum for a buy ๐๐ช.
โข RSI < 50 = Avoid buying ๐ซ.
4. Set Take Profit & Stop Loss ๐ก๏ธ
โข Take Profit (TP): Next resistance level ๐๏ธ.
โข Stop Loss (SL): Below swing low or 200 EMA โ. Aim for a 1:2 Risk-to-Reward Ratio ๐ฐ.
Golden Rule: Be patient ๐ง, follow the trend ๐, and manage risk wisely ๐ก๏ธ. Simple, reliable, and effective!