The daily price is located above 200 SMA in the bullish area of the chart. The price is on ranging within 4589/4889 s/r channel waiting for the secondary correction to be started or for the strong bullish trend to be continuing.
Trading Summary: waiting for direction
2026.04.20 10:57
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MQL5プロファイル
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Wow. This is new wesite. Good Idea
You’re asking a very good question 👍
When price is above the 200 SMA, it simply means the market is in a bullish trend. But that does NOT mean you should jump in immediately.
Right now, the market is ranging between key levels (4589 – 4889), so it’s in a waiting phase, not a clear entry zone.
👉 What you should do instead: Wait for a breakout above resistance (4889) then look for buys Or wait for a pullback to support (4589) then look for confirmation to buy Avoid entering in the middle of the range (this is where most beginners lose money)
📌 Key lesson: Trend = direction Entry = timing
Even in a bullish market, bad timing bad trade
You’re on the right path by asking questions—keep learning 💯📈
Greetings my name is Collins I haven't trade any day and I'm willing to learn that's why I downloaded this app so I can learn....
Here you said that the market price is located above 200 SMA" those mean it's not okay to jump into the market and start trading?