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Education

Moving Average - Educational Study

FX:GBPNZD   British Pound/New Zealand Dollar
Hi guys, I would like to present to you this educational trading method that was adopted by Rayner Teo-1.72% . ( search him up , he is a great trader and mentor )

Basically the moving averages act as a support and resistance levels and can indicate an ongoing trend , you can use them to time your entries and ride the trend.

Keep your SL trailed alongside with the trend.
You can keep adding positions every time the price hits the EMA's and shows that it respects them as a valid support/resistance area!
You collect your profit only when you think the trend has ended and and it's time to close the trades.
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