Swing Trading Strategy

How this strategy works::

Trend Identification:

It uses two moving averages (a fast one and a slow one) to determine the trend.

If the fast moving average is above the slow one, the trend is up (good time to buy).

If the fast moving average is below the slow one, the trend is down (good time to sell).

Momentum Confirmation:

It uses the Relative Strength Index (RSI) to confirm if the price is overbought or oversold.

If the RSI is below 30, the price is oversold (good time to buy in an uptrend).

If the RSI is above 70, the price is overbought (good time to sell in a downtrend).

Risk Management:

It uses pivot points (key support and resistance levels) to set stop-loss and take-profit levels.

For buy trades, the stop-loss is set at the support level, and the take-profit is set at the resistance level.

For sell trades, the stop-loss is set at the resistance level, and the take-profit is set at the support level.

It ensures that the reward is at least 5 times the risk (R ratio of 5) before entering a trade.