Trend Lines

Trend lines can be used to identify and confirm trends. A trend line connects at least 2 price points on a chart and is usually extended forward to identify sloped areas of support and resistance. Lines with a positive slope that support price action show that net-demand is increasing. As long as price action stays above this line, we have a bullish trend. Lines with a negative slope that act as resistance to price action show that net-supply is increasing. As long as price action stays under this line, we have a bearish trend.

Price usually retests a sloped trend line several times, until it breaks at which point we may have a trend reversal. The most successful tests of a trend line are when the more points there are to connect, the stronger the line becomes. Different strategies have different rules on how far apart connected price points can be and whether to connect wicks or candle bodies, but all trend lines break eventually. TradingView has a smart drawing tool that allows users to visually identify trend lines on a chart.
hmmmpf hmmmpf USDJPY, 60, Long , 5 hours ago
USDJPY: USDJPY long
66 3 6
USDJPY, 60 Long
USDJPY long
Completed 5 wave structure and now in a-b-c correction. The b wave is not over but a break above the trendline should signal the start of wave c. I target the .618 retracement of the completed 5wave structure which is close to the end of wave 1 which is a picture perfect wave. Good luck
FxWirePro FxWirePro PRO GBPJPY, D, Short , 14 hours ago
GBPJPY: GBP/JPY: Sell on rallies
218 1 7
GBPJPY, D Short
GBP/JPY: Sell on rallies
Major resistance- 142.25 (trend line joining 148.45 and 145.39) Major support – 140.80 (200- day MA) GBP/JPY shown a slight jump till 142.08 and started to decline from that level. It is currently trading around 141.34. The pair recovered till 142.17 on 19th Jan after making a temporary bottom around ...
ICmarkets ICmarkets PRO EURUSD, D, Short , a day ago
EURUSD: 1.08 threshold looks tasty for shorts today...
163 0 8
EURUSD, D Short
1.08 threshold looks tasty for shorts today...
Across the board, we saw the US dollar wane against the majority of its trading peers. This forced the single currency to attack and eventually close beyond the 1.07 handle on the H4 chart, and end the day closing above daily resistance coming in at 1.0710 (now acting support). In addition to this, Monday’s ...
BenchTeam BenchTeam XBTEUR, D, 10 hours ago
XBTEUR: Re-analysing Bitcoin - LONG overall - XBTEUR
93 1 5
XBTEUR, D
Re-analysing Bitcoin - LONG overall - XBTEUR
Hi At this point I've sold half of my bitcoin at break even. We didn't get the 'pop' upwards I was hoping for. I don't like to mess around with trades once I'm in, but taking a fresh look at the latest candles, I'm feeling that the probability of a good move up immediately is against us and I'd rather protect my ...
DylanMorgan DylanMorgan PRO NZDUSD, D, Short , 17 hours ago
NZDUSD: Great Opportunity To Short NZDUSD
91 0 8
NZDUSD, D Short
Great Opportunity To Short NZDUSD
Currently I am waiting for price to reach the upper trendline. When price reaches there watch for a clear sign of reversal. Expect an impulse. Catch the wave and ride it. Cheers and good luck fellow traders
ICmarkets ICmarkets PRO GBPUSD, 240, Long , 21 hours ago
GBPUSD: Our take on the pound this morning...
110 0 7
GBPUSD, 240 Long
Our take on the pound this morning...
Underpinned by a fading US dollar, and expectations of more parliamentary participation in the Brexit proceedings to be the result of the EU court membership ruling today at 9.30am, the pound munched through several H4 tech resistances yesterday! Looking over to the weekly candles, we can see that price has ...
FxWirePro FxWirePro PRO AUDNZD, D, Short , 13 hours ago
AUDNZD: AUD/NZD closes below 100-DMA, bias lower, sell rallies
101 0 7
AUDNZD, D Short
AUD/NZD closes below 100-DMA, bias lower, sell rallies
AUD/NZD price action dips below daily Ichi cloud, intraday bias lower. Weakness seen on daily charts, with MACD on the verge of a bearish crossover. The pair has closed below 100-DMA on Monday with confirmation on Stochs rollover and RSI slipping below 50. We see scope for test of trendline support at ...
EloyCastellanos EloyCastellanos AUDUSD, 240, Short , a day ago
AUDUSD: Last breath?
56 2 4
AUDUSD, 240 Short
Last breath?
The pair is topping with a turning zone and the rally looks like has low fuel, let´s see if can broke the trendline
JasonTerry JasonTerry EURUSD, 15, 15 hours ago
EURUSD: watch for patterns
60 0 7
EURUSD, 15
watch for patterns
looking at bounce of top trend line for the best entry and better SL to TP ratio of almost 5:1 or 7:1 If you enter now be ready to pull if it passes trend line with major push in volume. you know what to do ;)
dadotheshark dadotheshark XAUUSD, 240, 13 hours ago
XAUUSD: WHERE ARE YOU GOING NOW?!
103 0 5
XAUUSD, 240
WHERE ARE YOU GOING NOW?!
XAU/USD in trouble! Good triangle forming..it will continue the up-trend and break above or break the recent trend-line and starting to go down?! Remember that i use this amazing tool with a free trial at http://clktr4ck.com/94o8
TipTVFinance TipTVFinance PRO GBPUSD, D, 13 hours ago
GBPUSD: GBP/USD sliding trend line to offer support
27 0 6
GBPUSD, D
GBP/USD sliding trend line to offer support
The retreat from 1.2546 (today’s high) looks like a usual shakeout following a breakout. The spot breached the descending trend line yesterday. A rebound from around the trend line support appears likely, given the bullish daily RSI and upward sloping ST MAs – 5 & 10. On the downside, only a daily close below ...
OleksandrSnitko OleksandrSnitko XAUUSD, 60, Short , 6 hours ago
XAUUSD: Gold short-term SELL setup
217 0 3
XAUUSD, 60 Short
Gold short-term SELL setup
Arguments: - trendline of 3rd (yellow) wave is broken. - divergence in 3rd and 5th wave(green) tops(12 and 17 jan) inside 3rd wave extention(yellow). - ABC (3-3-5) expanding flat pattern. wave B is still forming. - wave (c) (inside B wave of ABC pattern) is a diagonal. sell it when line conecting 2 and 4 wave's ...
BenchTeam BenchTeam POTBTC, D, Long , 9 hours ago
POTBTC: POT/BTC LONG after breakout
33 1 2
POTBTC, D Long
POT/BTC LONG after breakout
Hi Going to buy a breakout of this small daily range. The price is a little erratic, but it's worth pursuing these setups on cryptos as the risk/reward can be in multiples of ten if it gets pumped. The price has also been though a pretty erratic 'resetting period' since the last pump and is beginning to become ...
leftis leftis EURUSD, 60, Short , 14 hours ago
EURUSD: Bearish RSI Divergence - Level Rejection
66 0 5
EURUSD, 60 Short
Bearish RSI Divergence - Level Rejection
Pair rejected the 1.07630 - 1.0750 level forming a bearish engulfing pattern in conjunction with a bearish RSI divergence. It also broke the latest bullish trend line. Took a short position with first target the 1.0740 - 1.0700 area.
chrisolivera_ chrisolivera_ PRO EURUSD, D, Long , 18 hours ago
EURUSD: EURUSD longterm position
65 0 5
EURUSD, D Long
EURUSD longterm position
It is in a steady upward channel on 4h, recently broke through a pretty strong resistance and key level at 1.07. I don't see the trend line stopping it from continuing bullish and I believe with a weakening DXY we could see the start of a steady and long term overall bullish move from EU
CamposTrading CamposTrading CADCHF, 240, Short , 2 hours ago
CADCHF: Bat/Broken trendline/and held trendline
6 2 2
CADCHF, 240 Short
Bat/Broken trendline/and held trendline
1. Black trend line broke out and retesting 2. the retest of the breakout is also apart of the secondary blue trend line which is holding 3. Bat completion on the way SELL NOW SL @ 76471 TP 1 @ .7495 TP 2 @ 73285
goldenpunch123 goldenpunch123 USDJPY, M, Long , 21 hours ago
USDJPY: USD/JPY Possible Area of Demand
46 0 5
USDJPY, M Long
USD/JPY Possible Area of Demand
Looking at the Monthly chart, we are currently retracing up the down leg seen to the left (the range we are trading in). We have closed above the huge bearish engulfing candle and are currently retesting this level of support (shown by the box). Given that we are a few days away from the monthly close, I want to ...
imperiumfx imperiumfx GBPUSD, D, Long , 4 hours ago
GBPUSD: $GBPUSD DAIlY broke descending trendline and retested on 4hr
44 0 5
GBPUSD, D Long
$GBPUSD DAIlY broke descending trendline and retested on 4hr
$GBPUSD DAIlY broke descending trendline and retested on 4hr, bias is bullish!
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