letcandletalk
Education

Why I avoid using trendline

SAXO:AUDNZD   Australian Dollar / New Zealand Dollar
This is one of some analysis that I was shared to my students on the group.
Based my experienced, I NEVER BELIEVE analysis using trend line ( diagonal line ) will give me high accuracy !!!

And this is the evidence, AUDNZD after price breakout the top diagonal orange line, the trendline trader , I am pretty sure most of them thinking price will continue up and open buy position. But it just trap! False breakout !!!

Me and my students together we opened SELL position, and let profit running until touch last yellow horizontal line
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Get Help Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing Get Help Ideas Published Followers Following Private Messages Chat Sign Out