ideally to go long if 9 MA is above 21 day MA & 200MA.
Commentaire:
Process of entry-
Look for 1 day chart to get the over all macro view of the market.
Then move to 1 hour/ 15 mins chart to find smaller Support & reistance levels- like moving average support
5 min chart- to take an entry after a completion of a 5 minute candle. DO not go long on a red candle, vice versa. Wait for the candle to close. 4th minute would be a ideal time to plan an entry.
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Look for 1 day chart to get the over all macro view of the market.
Then move to 1 hour/ 15 mins chart to find smaller Support & reistance levels- like moving average support
5 min chart- to take an entry after a completion of a 5 minute candle. DO not go long on a red candle, vice versa. Wait for the candle to close. 4th minute would be a ideal time to plan an entry.