The daily chart and the 200 day MA are known to provide a really good trading opportunity – not always but frequently. When price has spent some time below or above the MA and it crosses over to the other side, you should be watching this. If price retests the MA and gets rejected, you may have an opportunity to catch a multi-day runner. In the USDTHB chart here,...
Hello and welcome to a small series I thought I would start to help people understand market charts. Enjoy and leave me a comment about what you liked or didn't like. Thank you for your support! ------------------------------------------------------------------------------------------------------------------------------------------------------------------ Take a...
TVC:DJI is testing 200 MA, which is acting as a dynamic resistance. Longs may start to hedge their positions here.
Good morning, traders. After the recent drop and immediate reversal price has continued to move sideways adding to traders' already pessimistic attitudes and boredom. But don't let the market lull you to sleep. These are precisely the times traders need to be extremely aware of what's going on as sudden moves often do happen and catch sleeping traders off guard....