200 MA acts as Support?
Hello again, Traders!
This is my second post on this website. Last week was a success which is a big motivation for me in my trading journey. This time I used the 200 MA to analyze USD/CAD on the 4h time frame. It acted as a support before and might be rejected another time, which could be an indicator for a bullish movement. In this case I'll wait for confirmation to make sure I buy at the right time. Also the 1h time frame shows an uptrend which might continue after the confirmation.
I'd be happy for any feedback.
Thanks in advance.
This is my second post on this website. Last week was a success which is a big motivation for me in my trading journey. This time I used the 200 MA to analyze USD/CAD on the 4h time frame. It acted as a support before and might be rejected another time, which could be an indicator for a bullish movement. In this case I'll wait for confirmation to make sure I buy at the right time. Also the 1h time frame shows an uptrend which might continue after the confirmation.
I'd be happy for any feedback.
Thanks in advance.
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Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.