ma5 breakout trading setup -

17 oct. 2021

Earlier last week we posted some basic MA5 setup action and how effective it is in gold setups. Today we show you how a simple trading setup that you can use to draw strong levels and how to trade with them.

Support and resistance can be drawn in many ways and often traders find what works for them and use that method. This is a method we use to create strong levels of support and resistance lines that get respected well in trading gold.

We draw a line where the MA5 average creates a turn angle. We then wait to see how this level is challenged and broken. When the ma5 average line breaks this level, we wait for a 1H candle to close after, as confirmation of the challenge being broken. We can then place an entry on the next candle opening or from a reversal and target a capture of 200 pips or some of our experienced traders will target exit at the next level. If this is over 1000 pips then we use strong money management techniques to baby sit the trade.

As the weeks go by we will start to build on these trading setups. Please support my team here to provide more knowledge on this platform. We have a strong reputation in the trading world but new to sharing on this platform. support us with follows and likes so we can build on sharing our setups with you.

18 oct. 2021

Note

Typo correction: EMA5 not MA5