Hi,
Anyone can understand below statement, what does it mean and any example can provided as illustration?
" Try to avoid trades if the price breaks 200MA in 1hr chart and the other Ma's are above it as in case of sell and vice versa"
For 1Hr chart, for sell entry, the price should break below all the MA. For above statement, are Varun mean that the even through price break all the MA, however, if the 34MA & 55MA are above the 200MA, then we should not enter the trade even through it break all the 3 MA? Is my understanding correct?
Anyone can advise?
Anyone can understand below statement, what does it mean and any example can provided as illustration?
" Try to avoid trades if the price breaks 200MA in 1hr chart and the other Ma's are above it as in case of sell and vice versa"
For 1Hr chart, for sell entry, the price should break below all the MA. For above statement, are Varun mean that the even through price break all the MA, however, if the 34MA & 55MA are above the 200MA, then we should not enter the trade even through it break all the 3 MA? Is my understanding correct?
Anyone can advise?