example of price breaking out MA 20 to find support at EMA 50
at the moment MA 20 is holding the price, but we can see a spike to touch base on EMA 50, those MA and EMAS act as magnets for price and can help us to find very good entry points
in a long run price must be above MA 20 as price direction and above EMA 200 and 50 as dynamic support levels!
letter on you will see the EMA 200 (Lowe time frames)
at the moment MA 20 is holding the price, but we can see a spike to touch base on EMA 50, those MA and EMAS act as magnets for price and can help us to find very good entry points
in a long run price must be above MA 20 as price direction and above EMA 200 and 50 as dynamic support levels!
letter on you will see the EMA 200 (Lowe time frames)