how to draw trend lines best forex trading strategy #forex #money #market

how to draw trend lines best forex trading strategy #forex #money #market

how to draw trend lines best forex trading  strategy

how to draw trend lines best forex trading strategy


how to draw trend lines best forex trading strategy
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Professional Forex Trader & Trading Coach Akil Stokes shares educational videos on how to become a consistently profitable trader & Motivational

A trendline is one of the basic components of most technical analysis patterns. To construct a trendline, simply connect either the high prices or low prices on an asset’s chart. The resulting line is the trendline.

There are two types of trendlines. An uptrend line is formed by connecting the low prices for an asset, where the more recent low price is higher than the previous low price. An uptrend line extends into the future and can be thought of as a level of support for the asset’s price. A downtrend line is exactly the opposite, and is formed by connecting the high prices for the asset, where the more recent high is lower than the previous high. A downtrend line can be thought of as a level of resistance for the asset’s price. Only two points are necessary to draw a trend line, but the more points are used in constructing the line, the more traders tend to consider it as a valid indicator of an asset’s overall trend.

Trendlines have a variety of uses in technical analysis, most fundamentally for their ability to predict levels of price support and resistance. Trendlines are also used as components in a variety of specialized technical analysis charts, including trend channels and wedge patterns.
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  • sakguenyin
    Posted at 17:27h, 09 October

    Very interesting, what about trading trendline in a lower time frame like 4h?

  • Dimitar Stoykov
    Posted at 16:28h, 09 October

    This was great, I been tryin to find out about "forex price volume charts" for a while now, and I think this has helped. Have you ever come across – Vonila Geyyatt Smasher – (Have a quick look on google cant remember the place now ) ? Ive heard some unbelievable things about it and my partner got amazing success with it.

  • Manoj Yadav
    Posted at 16:25h, 09 October

    Great learning from you sir .Great way of explanation.

  • Manoj Yadav
    Posted at 16:24h, 09 October

    Sir please tell about reversal

  • Chank PuiWah
    Posted at 15:57h, 09 October

    Nice method! I've got some pips with it. How about using weekly chart with this strategy?

  • Thomas Immler
    Posted at 15:17h, 09 October

    cool interessant

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