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no-nonsense simple moving average formula: how to identify support and resistance levels in forex

httpswwwposhenglishtradercomthreestepsltbrgtltbrgthi allltbrgtltbrgttoday i am going to show you a no-nonsense 3 step simple moving average formula which will help you to use them to identify support and resistance levels in forexltbrgtltbrgtif you havent already then make sure you hit that like and subscribe button because i am releasing video content on a regular basis so make sure you are notified of all of thoseltbrgtltbrgti know youre ready to get started my names chris n the posh english trader lets goltbrgtltbrgtso moving averages are known as dynamic support and resistanceltbrgtltbrgtso called dynamic because they are constantly changing depending on recent price action ltbrgtltbrgtthe main moving averages are:ltbrgt10ltbrgt20ltbrgt50ltbrgt100ltbrgtandltbrgt200ltbrgtltbrgta great way to trade them is to buy when the market dips and meets the moving average in an uptrend or sell when ma