Buy on break above 50 SMA towards horizontal resistance , or if price moves higher near 200 SMA sell on retest .
Above are short term trading setups based on Moving Average Only .
Moving average can show you trends / support resistance levels , ranging market etc.
Just like trendlines we trade breakouts , retests of moving averages too ,
To trade correctly our ideas , follow the instructions and wait for candle close wherever advised.
Above are short term trading setups based on Moving Average Only .
Moving average can show you trends / support resistance levels , ranging market etc.
Just like trendlines we trade breakouts , retests of moving averages too ,
To trade correctly our ideas , follow the instructions and wait for candle close wherever advised.