The 5-minute Slow Trend Momentum Scalping

 
The 5-minute SlowTrend Momentum Scalping with is a day trading tactic devised for swift market actions. It applies to a diverse range of currency pairs, making it versatile in various trading scenarios.

Here's a breakdown of the essential indicators and their roles:

Pivot Points: Utilized for establishing support and resistance levels, crucial for setting stop-loss and take-profit orders.

EMA 34 (Blue) & EMA 55 (Red): Serve as trend indicators and signals for potential retracement entries.

Stochastic: Aid in identifying potential market tops and bottoms, facilitating precise entry points.

MACD Lines: Offer insights into prevailing trends and trade directions.

Entry Rules

Buy

Price movement should convincingly breach above the 34 & 55 EMAs.

The blue 34 EMA must maintain a position above the red 55 EMA.

MACD should indicate a buying trend, preferably above the zero line (though not mandatory).

Stochastic indicators should exhibit recent oversold conditions around the 20 level and exhibit upward momentum.

Sell

Price action should distinctly dip below the 34 & 55 EMAs.

The blue 34 EMA should be positioned below the red 55 EMA.

MACD should indicate a selling trend, preferably below the zero line (optional).

Stochastic indicators should show recent overbought conditions near the 80 level with downward momentum.
In the pictures below examples of trades.