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DatTong
Oct 19, 2018 5:19 AM

Education: Change of trend ! Education

Euro Fx/U.S. DollarFXCM

Description

Prior analysis

Definition trend and change of trend ( Trend reversal)
Downtrend - Definition
A downtrend comprises a repeating sequence of:
1) A downward extension
2) A swing low
3) An upward pullback
4) A swing high

A downtrend ends when price breaks the swing high which leads to the lowest swing low of the trend

Uptrend - Definition
An uptrend comprises a repeating sequence of:
1) An upward extension
2) A swing high
3) A downward pullback
4) A swing low

An uptrend ends when price breaks the swing low which leads to the highest swing high of the trend

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Comment

Prior analysis


Comments
pablouribeee
Excelente ! Thanks, goood explanation
DatTong
@pablouribeee, you are welcome!
Mohammadfahad46
Appreciable :) Simple and well Explained
archiki
:-)
xuanhaimmoer
Congrate bro! Any way appreciate to know you from Viet Nam. You have very successful week !
DatTong
@xuanhaimmoer, Thanks. By the way, I'm surprised that you talk as if you just know me and I'm Vietnamese. As far as I remembered we had a talk in Vietnamese since months ago and a few weeks ago I claimed some of your FX charts copied from me. They are still there.
xuanhaimmoer
@DatTong, thank away, I also learn from your analysis. We know together each month ago but in Trading View we are 2 people from VN are in TOP so interesting for work together !
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