Rules for Moving Average Analysis
Moving Average Crossover, trendlines, Regression Channels, Swing low, Swing high, swing trade entry points
Course: [ How To make High Profit In Candlestick Patterns : Chapter 2. Moving Averages ]
A moving average that acted as resistance but now has been breached has a strong tendency to act as support on pullbacks as the uptrend proceeds.
Simple Rules for Moving Average Analysis
1. A
moving average that acted as resistance but now has been breached has a strong
tendency to act as support on pullbacks as the uptrend proceeds.
2. The
first attempt at a moving average will usually fail; the next approach will
often succeed.
3. If
the SMA is trending up, trade the market on the long side. Buy when the prices
pull back to or slightly below the moving average. After a long position has
been established, use the recent low as your stop.
How To make High Profit In Candlestick Patterns : Chapter 2. Moving Averages : Tag: Candlestick Pattern Trading, Forex : Moving Average Crossover, trendlines, Regression Channels, Swing low, Swing high, swing trade entry points - Rules for Moving Average Analysis
