The support and resistance should guide with the next price movement, if the price falls to the support it should be time for execution predicting for rally to resistance for a very short term trade and if the price breaks the resistance, the execution with should be made with a tight stop loss. As we can also consider the Golden Crossovers in Exponential Moving Averages ie: 20-50, 20 & 50 - 200. Further study should be made.
Thanks & Regards
Mohammed Azhar
Localogist Trading Co.
Thanks & Regards
Mohammed Azhar
Localogist Trading Co.
Note
We just wait for the price movement, as we trade only the price. act according to the price movement. as A/m if the price hit support we execute with stop loss and if the price breaks the resistance we execute with a stop loss.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.