Husseinsheikhali

The 200-day SMA, which covers roughly 40 weeks of trading, is commonly used in stock trading to determine the general market trend. As long as a stock price remains above the 200-day SMA on the daily time frame, the stock is generally considered to be in an overall uptrend.

Breakdown a simple buy on USDJPY with volume at London session open.

The support and resistance (S&R) are specific price points on a chart expected to attract the maximum amount of either buyingorselling.

Fibonacci Retracements are popular tools that traders can use to draw support and resistance levels , are very useful to anticipate the end of a PULL BACK in a down trend or in an up trend .