Look for sell near 20 /50 SMA & horizontal resistance , price is currently bouncing from trendline support.
We try to highlight potential trading setups on Pairs on 1hr and 4 hr chart , while analysis is done on Daily - 4hr - 1hr ,
Our Analysis is based on Breakouts & Retest of Support Resistance levels of Trendlines & Moving Averages , We use EA for Automatic Execution of trades based on price breakouts of Moving Averages . oving 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.
Not all setups will be great , and losses are part of Game , consistency will surely give good results in long term.
Follow us to get best entries and benefit from Moving averages ....
Your comments are welcome , do let us know if u won or lost some pips following our strategy , and if you think there are ways to improve it.