Support And Resisitance

The support and resistance should guide with the next price movement, if the price falls to the support it should be time for execution predicting for rally to resistance for a very short term trade and if the price breaks the resistance, the execution with should be made with a tight stop loss. As we can also consider the Golden Crossovers in Exponential Moving Averages ie: 20-50, 20 & 50 - 200. Further study should be made.

Thanks & Regards
Mohammed Azhar
Localogist Trading Co.

Komentar:

We just wait for the price movement, as we trade only the price. act according to the price movement. as A/m if the price hit support we execute with stop loss and if the price breaks the resistance we execute with a stop loss.