Intraday Trading Strategy for EUR/USD – May 5, 2025

Timeframe: 15-minute or 5-minute chart
Trading Sessions: London and New York overlap (8 AM – 12 PM EST)
Indicators Used:

• 20 EMA (Exponential Moving Average)

• 50 EMA

• RSI (Relative Strength Index) – 14 period

• Support & Resistance Zones

📊 Strategy Rules

✅ Buy Setup (Long Position):

1. Trend Confirmation: 20 EMA is above 50 EMA (uptrend).

2. Price Pullback: Wait for price to pull back near or touch the 20 EMA.

3. RSI Confirmation: RSI should be above 50 and rising.

4. Bullish Signal: Look for a bullish candlestick pattern (e.g., bullish engulfing) near the 20 EMA or at a support zone.

5. Entry Point: Enter at the close of the confirmation candle.

6. Stop Loss: Below recent swing low or 15–20 pips, whichever is smaller.

7. Take Profit: Risk-to-reward ratio of 1:2 or exit at next resistance zone.

🔻 Sell Setup (Short Position):

1. Trend Confirmation: 20 EMA is below 50 EMA (downtrend).

2. Price Pullback: Wait for price to pull back near the 20 EMA.

3. RSI Confirmation: RSI should be below 50 and falling.

4. Bearish Signal: Look for a bearish candlestick pattern (e.g., bearish engulfing) near the 20 EMA or at a resistance zone.

5. Entry Point: Enter at the close of the confirmation candle.

6. Stop Loss: Above recent swing high or 15–20 pips.

7. Take Profit: Risk-to-reward ratio of 1:2 or exit at next support zone.

📌 Tips for Intraday EUR/USD Trading

• Avoid trading during low volatility periods (like the Asian session).

• Always check the economic calendar for high-impact news (especially related to USD or EUR).

• Use proper risk management (risk 1–2% of capital per trade).

• Practice the strategy on a demo account before going live.