In chart we can see that 20 DMA has kept on providing support and 20/50 SMA are alligned perfectly for bullish continuation.
In shorter time frame look buying opportunities in Dips .
selling is not advised till price remains above 50 SMA in daily chart. however price may move lower in small waves towards retesting 20/50 SMA support , but overall trend is considered bullish in GBPCHF
Above are short term trading setups based on Moving Average Only .
Moving 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.
Making Trading Simple..
In shorter time frame look buying opportunities in Dips .
selling is not advised till price remains above 50 SMA in daily chart. however price may move lower in small waves towards retesting 20/50 SMA support , but overall trend is considered bullish in GBPCHF
Above are short term trading setups based on Moving Average Only .
Moving 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.
Making Trading Simple..