Trend lines are probably the most common form of technical analysis in forex trading.
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In their most basic form, an uptrend line is drawn along the bottom of easily identifiable support areas valleys. In a downtrend , the trend line is drawn along the top of easily identifiable resistance areas peaks. To draw forex trend lines properly, all you have to do is locate two major tops or bottoms and connect them.
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It takes at least two tops or bottoms to draw a valid trend line but it takes THREE to confirm a trend line. The STEEPER the trend line you draw, the less reliable it is going to be and the more likely it will break.Secret Tip To Detecting Trend Changes As Early As Possible In Forex
Like horizontal support and resistance levels, trend lines become stronger the more times they are tested. And most importantly, DO NOT EVER draw trend lines by forcing them to fit the market.
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How to successfully trade with trends | EasyForexTrading
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