Using moving averages

[Battle Axe]

TRADING TIP #for BEGINNERS/NEWBIES

HOW TO USE MOVING AVERAGE INDICATOR TO IDENTIFY SUPPORT AND RESISTANCE

I think this may help you as fresh beginners. If you find it hard to locate support and resistance on a TRENDING market, this should help.

The moving averages can be used to identify dynamic support and resistance zones.

It's better to use this with other signals to improve your success rather than Trading using the MA alone.

This method is used for trending markets (uptrend/downtrend). Well, I used 21 Exponential MA here (set to close).

P.s. I'm a price action trader so I don't use indicators but I thought this might help you if you're just starting.

Kindly leave your comments or suggestions. And you could follow this post to keep you updated as a BEGINNER.

Feel free to DM too for any questions or use the comment section.

Thanks! And God bless!