Sure, here is a simple moving average based forex strategy that you can use:
Determine the trend direction using a longer-term moving average:
Use a daily chart and add a 200-period moving average (MA) to it.
If the price is above the 200-MA, the trend is considered bullish, and if it is below the 200-MA, the trend is considered bearish.
Wait for a pullback to the shorter-term moving average:
Use a 20-period MA on the same daily chart to identify potential entry points.
When the price pulls back to the 20-MA, wait for it to bounce off the MA before entering a trade in the direction of the longer-term trend.
Manage risk and set a stop loss:
Place a stop loss below the most recent swing low (in an uptrend) or above the most recent swing high (in a downtrend).
Exit the trade:
Use a profit target or a trailing stop to exit the trade when the price moves in your favor.
Note: This is a basic strategy, and it is recommended to backtest and demo trade it before using real money. Also, keep in mind that moving averages are lagging indicators, which means that they may not provide accurate signals in volatile market conditions. Therefore, it's essential to use other technical analysis tools to confirm signals from the moving averages.