50 EMA - The purple rain strategy

There are 5 different EMAs that are being used in this strategy, and the EMAs act as moving support and resistant areas. Sellers are found on the resistant areas that act as the ceiling, and they are able to sell the market down (sell high), while buyers are found at the support areas that act as the floor, and they are able to buy the market up (buy low).

This is an intraday strategy for Wednesday session, which looks at how a trader can be able to use the 50 EMA to trade in the forex market as an intraday trader or a scalper who only takes 10 pips and jumps out.