Newbie speculation in foreign exchange how to find the best entry point

Method 1, looking for the recent important resistance or support band. When we judge the direction, such as buying upwards. At this point we can look for the corresponding support level as our entry point of reference price, if we reach this support exchange rate failed to break through, you can buy here, and vice versa, you can then look at the next support level near.

Method two, near the tangent. This situation for the graph out of the breakthrough pattern, the exchange rate breakthrough, back to the breakthrough tangent near the test. At this time to do along the tangent line breakthrough operation will be a good time to enter, while the other side of the tangent line to put a good stop loss to avoid false breakthroughs in the exchange rate.

Method three, waiting for short-term MACD divergence. Here referred to the short-term divergence is generally 5 minutes or when the 15-minute K chart in the MACD divergence. When we want to buy upward, then in its pullback we have to pay close attention to the short-term chart of the MACD bottom divergence, when the bottom divergence should be the relative low point, buy near this point is regarded as a suitable opportunity to enter the market.

With the above three approaches, you can certainly find the right point

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