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 the price action stays above this line, we have a bullish trend. Lines with a negative slope that act as resistance to the price action show that net-supply is increasing. As long as the 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 more points there are to connect, the stronger a trend 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. This tool can also be used to illustrate trends on indicators.
tntsunrise tntsunrise TOP USDJPY, 240, Long ,
USDJPY: USDJPY has pull back to 0.618
2245 6 77
USDJPY, 240 Long
USDJPY has pull back to 0.618

USDJPY has pull back to 0.618 and 110.513 become good support we can see the rally from this level. Therefore. watch for this trend line as well. If Price can stay above 110.51, We can buy usdjpy First Target 113 2nd Target 114.36 3rd Target 115.00

LewisGlasgow LewisGlasgow PRO AUDNZD, 240, Long ,
AUDNZD: AUD/NZD - Bullish Bat
521 2 35
AUDNZD, 240 Long
AUD/NZD - Bullish Bat

What's up everyone, here we have AUD/NZD with a bullish bat pattern on the 4h chart. Excellent opportunity with over 1:3 risk to reward. The measurements for a valid bat pattern are detailed below. B: 0.382 - 0.50 (price closed below the 50% but I would still consider the structure valid) C: 0.382 - 0.886 D: 1.618 - 2.618 Final X to D: 0.886 The D point ...

Technician Technician TOP EURGBP, 240, Long ,
EURGBP: Trade 6: Short term simple Long
585 2 29
EURGBP, 240 Long
Trade 6: Short term simple Long

Reasoning Strong short term uptrend Pullback to rising trend line Hammer candle at trend line Earlier breakout above 200-days and 50-days simple moving averages Trade Levels Entry: Buy limit at 0.8680 - Target: 0.8743 - SL: 0.8649 - RR: 2 All my trades will have Risk of capital per trade of 2% Stats before this trade Number of trades: 5 ...

ApeX_Trading_Group ApeX_Trading_Group PRO ETCBTC, 60, Long ,
ETCBTC: ETCBTC this was requested by many! The upside prevails!
287 2 10
ETCBTC, 60 Long
ETCBTC this was requested by many! The upside prevails!

The upside prevails on ETCBTC we are looking to enter long on ETC once the upper trend line is broken.

ApeX_Trading_Group ApeX_Trading_Group PRO USDCAD, 240, Long ,
USDCAD: USDCAD Respecting the uptrend channel
95 2 12
USDCAD, 240 Long
USDCAD Respecting the uptrend channel

USDCAD is respecting the channel and is in a daily uptrend. We are looking for short term buys once the descending trend line is broken.

Hashimato Hashimato USDJPY, D,
USDJPY: USDJPY
84 1 10
USDJPY, D
USDJPY

Trend: Daily upward trendline. Level: Near Key confluence Zone highlighted as red box. Confirmation: Waiting for confirmation on either short or long. Let's wait for the price action to guide us for either short or long position at a confluence zone and near trendline.

matt716 matt716 PRO GBPAUD, D, Short ,
GBPAUD: DAILY GBPAUD SELL SETUP FORMING
69 2 10
GBPAUD, D Short
DAILY GBPAUD SELL SETUP FORMING

this week I will be looking to sell gbpaud as the trendline has been reached and price has broken out and reversed. looking for a flag to sell.

caseywarning caseywarning PRO GBPJPY, 240,
GBPJPY: GBPJPY 3 Drives in Formation
112 2 9
GBPJPY, 240
GBPJPY 3 Drives in Formation

Hi mates. Here we have a possible 3 drives pattern in formation on GPBJPY. We will see later this week if it in fact does reach upper trend line and reverse. I will update with position my position status. Cheers and good luck!

cmc cmc USDJPY, 60, Short ,
USDJPY: wait the price action
131 0 9
USDJPY, 60 Short
wait the price action

uj are in a correction and i wait the price action bellow the up trend line

matt716 matt716 PRO GBPJPY, D, Short ,
GBPJPY: GBPJPY BIGGER PICTURE, STILL SELLING
68 0 9
GBPJPY, D Short
GBPJPY BIGGER PICTURE, STILL SELLING

gbpjpy still downside until price reaches trendline likley for price to break out and make a small correction before dropping again as shown with the arrows.

ZDRuX ZDRuX PRO DGBBTC, 240, Long ,
DGBBTC: $DGBBTC poised for breakout.
165 1 5
DGBBTC, 240 Long
$DGBBTC poised for breakout.

Looks like $DGBBTC (DigiByte) has built a nice descending wedge and has already broken the upper trend-line with some volume coming in. Might move much higher considering founder will be presenting their DiguSign product in front of CitiBank, FB, MSFT, and others during June 9th competition.

matt716 matt716 PRO NZDUSD, 15, Long ,
NZDUSD: NZDUSD SHORT TERM BREAK OR BOUNCE?
52 0 8
NZDUSD, 15 Long
NZDUSD SHORT TERM BREAK OR BOUNCE?

trendline has been reached looking closely for any setups.either a reversal to buy or a breakout and flag to sell. I think a reversal is more likley but i am not in the trade yet.

krokotar krokotar DASHBTC, 240, Long ,
DASHBTC: Dash being brave again
78 0 7
DASHBTC, 240 Long
Dash being brave again

This one is sleeping for a while and ready to pop. We have a long term trendline resistance turned support. Short stop loss for potential big gain.

Tanzil Tanzil USDJPY, D, Short ,
USDJPY: USDJPY
71 0 7
USDJPY, D Short
USDJPY

Next Idea for UJ after may 15 Plan.

adamnkiss adamnkiss PRO EURUSD, 60,
EURUSD: EURUSD - Trade Planning
48 0 7
EURUSD, 60
EURUSD - Trade Planning

Hey! As you can see it on the chart we have a strong support 'area' where the 200ema and my dark red horizontal line cross. If price can break above the orange-ish line, then, a good long position can be placed - although the red downwards trendline can stop it. Let's see how it goes - today is a very calm day, I do not expect any major movement.

AleksandrLombrozo AleksandrLombrozo EURAUD, 60, Short ,
EURAUD: EURAUD sell setup
45 0 7
EURAUD, 60 Short
EURAUD sell setup

EURAUD might soon experience a great selling pressure. This should become possible due to several reasons: 1. The pair has climbed up very high without a major correction. This is especially visible on a daily or 4 hour chart. 2. EURAUD is forming a corrective pattern after a minor impulse on an hourly chart. This might indicate that the pair will go down. 3. ...

Geofftv1 Geofftv1 UKX, W,
UKX: FTSE - Another look at the long term chart.
32 0 7
UKX, W
FTSE - Another look at the long term chart.

Revisiting an idea I had some months ago this chart places the correction from the top in 2000 as an expanded flat which is still in progress! The wave structure in this expanded flat is wave (A) = Zig-Zag, Wave (B) = double Zig-Zag, W,X,Y and Wave (C) still to come. A set of trend lines connects the points where Wave W=Y and Wave A=B and a final expanded flat ...

drion1 drion1 EURGBP, 240, Short ,
EURGBP: trendline break and retested.
28 0 7
EURGBP, 240 Short
trendline break and retested.

it's good entry from this zone.

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