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Written by Administrator
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Chart 5Min Chart. with following Simple Moving Average.
SMA 2400 Close Represent 4Hr Timeframe Res/Sup
SMA 600 Close Represent 1Hr Timeframe Res/Sup
SMA 300 Close Represent 30Min Timeframe Res/Sup
SMA 150 Close Represent 15Min Timeframe Res/Sup
SMA 50 Close Represent 5Min Timeframe Res/Sup
SMA 5 Close Represent Current direction.
observe price patern.
in addition you can use Daily pivotes points. and 4Hr pivote points.
Observe how price react after touching SMA.
Use SMA as suport and resistance... Same setup works with 1Min Chart.Here is chart of Gbp/usd. observe how price move between sma.      In addition use Daily pivote and 4Hr pivotes.
Daily pivote gives potential support/resistance.
4hr pivotes gives idea what is going on within 4Hr.
important thing is catching price pattern pattern and where it is happening. Happy Trading
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