The perfect way to trade the 100 day SMA in forex
Everyone wants to become a profitable trader in the forex market but very few of them can actually achieve success in the long run. The novice traders always search for the perfect trading system in the market and end up by losing a huge amount of money. But the forex market can be traded in very ways and every single trader can make a profit by simply using the 100 days daily moving average in the market. So let’s begin our journey and learn how to execute high-quality trades using the 100 days SMA.
What is SMA?
SMA simply stands for simple moving average. The professional trader’s use the 100 days SMA in their mt4 trading platform to find the dynamic support and resistance level on the market. If you are relatively new in trading then you can access our price action forex trading course and learn from our professional traders.
Trading the 100 days SMA is extremely easy and you can easily execute high-quality traders. If you learn price action forex trading course then you can also use price action trading signal in the market to trade the dynamic support and resistance level of the100 day SMA.
Figure: Rejection of 100 day SMA (perfect trade setup)
In the above figure, you can see that the price hit the 100 days SMA and formed a nice doji. If you are new in trading then you can learn more about candlestick formation by learning price action forex trading course. The short entry was triggered in the above trade after the rejection of the 100-day dynamic resistance level. But when you this trading strategy make sure to trade in favor of the long-term prevailing trend.
We provide regular real-time trading signal and offer three different price action forex trading course. Feel free to contact us.