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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.
SuperSignalFX SuperSignalFX USDCAD, 1D, Short ,
USDCAD: USDCAD- Forecast and technical setup for the next days
448 0 13
USDCAD, 1D Short
USDCAD- Forecast and technical setup for the next days

Hi guys, I share with you my technical setup for USDCAD for the next days. The chart speaks by itself. If you find it useful please hit the like/follow button and leave a comment :) Happy trading!

CryptoTrendy CryptoTrendy BTCUSD, 60, Short ,
BTCUSD: BULLS JUST REDREW NEW SUPPORT
1022 1 6
BTCUSD, 60 Short
BULLS JUST REDREW NEW SUPPORT

We were forming a bear pennant (yellow lines) which actually broke to the downside yesterday. Obviously, you could always redraw your support (purple line) but this is when the use of trendlines becomes dangerous. I wrote an article about the misuse of trendlines and we have the perfect example right here. We already broke support but since price didn't bleed ...

g.grunewald g.grunewald BTCUSD, 1D, Long ,
BTCUSD: 2018-6-18 BTC LONG (mid term) Have BTC found the BOTTOM?
309 1 5
BTCUSD, 1D Long
2018-6-18 BTC LONG (mid term) Have BTC found the BOTTOM?

Hey guys, I'm here to make an update of my last idea. Let's take a look and understand what happened in this past 5 days. The RSI that I mentioned was oversold exited the oversold zone as expected, than it made a retracement and failed achieving a lower low: this is bullish and a possible bullish reversal signal. The bearish trend I mentioned on the RSI just got ...

xMammad xMammad GBPCHF, 240, Short ,
GBPCHF: GBPCHF / H4 / SELL THE BREAKOUT
65 6 3
GBPCHF, 240 Short
GBPCHF / H4 / SELL THE BREAKOUT

Hi there, GBPCHF is setting up for breakout. Sell the breakout and watch for the continuation. In case price break up the previous high then it will change the bearish pattern .

SuperSignalFX SuperSignalFX AUDNZD, 1D,
AUDNZD: AUDNZD - Forecast and technical setup for the next weeks
171 0 5
AUDNZD, 1D
AUDNZD - Forecast and technical setup for the next weeks

Hi guys, I share with you my technical setup for AUDNZD for the next days. The chart speaks by itself. If you find it useful please hit the like/follow button and leave a comment :) Happy trading!

BobFlynn BobFlynn IOTUSD, 1D, Short ,
IOTUSD: IOTA back to the start
146 1 2
IOTUSD, 1D Short
IOTA back to the start

Wassuuuuup ?! Simple trade setup idea. I've been looking at IOTUSD regularely. It just broke the long term upward support here. This is a clear short opportunity :) The red line is the support on a even longer timeframe. We might see a bounce from here. It will depend a lot of BTC movement, the market, etc... So make sure to put a tight stop loss (just above ...

g.grunewald g.grunewald BTCUSD, 1D, Long ,
BTCUSD: 2018-6-18 BTC LONG (mid term) SHORTS vs LONGS BITCOIN
212 0 3
BTCUSD, 1D Long
2018-6-18 BTC LONG (mid term) SHORTS vs LONGS BITCOIN

Let's make a deeper analysis of BTC price action now that BTCUSDSHORTS stopped increasing exponentially. At left you can see BTCUSDSHORTS (candles chart) vs BTCUSDLONGS (line chart). I told you that increase was unsustainable. It was. Shorts stopped increasing and price went up, as expected. All biased crypto twitter didn't see that coming, as expected too. As ...

Hamed_purArmand Hamed_purArmand USDJPY, 60, Short ,
USDJPY: Trade opportunity on USDJPY
70 1 2
USDJPY, 60 Short
Trade opportunity on USDJPY

If the trend line break , sell.

DorisKat DorisKat BQXBTC, 1D,
BQXBTC: BQXBTC
34 0 3
BQXBTC, 1D
BQXBTC

Good day to all. 50 MA crossed 200 MA down, it is possible to continue falling. From the level of 24200 there may be a slight rebound of the price to 27,200 satoshi, but the drop is likely to continue. Strong resistance levels are not visible. Theoretically, the level of 21,400 satos can become reversal after lateral movement, but purchases at this level should be ...

xMammad xMammad BTCUSD, 60, Long ,
BTCUSD:  BTCUSD / H1 / WE STILL HAVE SOME HOPES FOR THE BULL
135 0 2
BTCUSD, 60 Long
BTCUSD / H1 / WE STILL HAVE SOME HOPES FOR THE BULL

This nasty correction has most likely ended.

dimple10 dimple10 USDJPY, 240, Short ,
USDJPY: USD/JPY short
71 0 1
USDJPY, 240 Short
USD/JPY short

USD JPY short this week. Rejecting on downwards 4H trendline and also hour trend is down. Resistance not broke.

CryptoComes CryptoComes BTCUSD, 60,
BTCUSD: Bitcoin Is Flat, Buyers Ready to Attack
48 0 1
BTCUSD, 60
Bitcoin Is Flat, Buyers Ready to Attack

The currency pair has lost more than one percent in the past 24 hours. However, in general the situation is neutral meaning sellers have no power to push Bitcoin lower. The buyers are hesitating but have chances to change the situation while there are no important news. Let’s zoom in to see the current situation. The currency pair fluctuated with no clear ...

HansMast HansMast ROKU, 1D, Long ,
ROKU: ROKU consolidating above breakout, ripe for continuation
39 0 1
ROKU, 1D Long
ROKU consolidating above breakout, ripe for continuation

Sadly I got stopped out of my ROKU position with an overly aggressive stop-loss ($43.92), after having longed ($41.52) a flag breakout just below the downtrend line. Second silliness was that I didn't buy the retest and bounce off the former downtrend resistance (now support) line. Right now ROKU is obviously in a little consolidation zone right above the ...

xMammad xMammad NZDUSD, 240, Long ,
NZDUSD: NZDUSD / H4 / Cypher Pattern
54 0 1
NZDUSD, 240 Long
NZDUSD / H4 / Cypher Pattern

NZDUSD / H4 / Cypher Pattern ( wait for a price action confirmation signal )

Sawcruhteez Sawcruhteez BTCUSD, 240, Short ,
BTCUSD: BTC:USD 4 hour chart DAILY UPDATE (day 112)
99 0 3
BTCUSD, 240 Short
BTC:USD 4 hour chart DAILY UPDATE (day 112)

Over the last week I have been wanting to see the price return to equilibrium after being oversold on the 6/9. For me that would require a retest of the 12 period EMA on the daily chart. https://www.tradingview.com/x/Enq4K26S/ The price could continue ranging between $6,300 - $6,600 until running into the moving average or it could spike up to $7,000 which is ...

RCtrader2 RCtrader2 EURUSD, 1D, Short ,
EURUSD: The constraints of EUR/USD trend.
208 0 1
EURUSD, 1D Short
The constraints of EUR/USD trend.

It appears to me that on the 14th of June, the lower high hit the upper limit of a EUR/USD downtrend channel. At the moment we are right in the middle of it and so any move either up or down is possible. What we can spot however by looking at this channel is that in less than 10 days our highest possible lower high will be below 1.1650. Any fearless traders could ...

Presario1978 Presario1978 IMGN, D, Long ,
IMGN: Immunogen staying in its trend
28 0 3
IMGN, D Long
Immunogen staying in its trend

Immunogen tested the support at 9,5-10 and it seems to be holding, giving IMGN the opportunity to climb high. Positive: Moving nicely above its 200 SMA. Support seems to hold Negative: RSI failed to break above 50 MACD value is negative and below its signal line Target 1: 11,40 - Upside: 13% Target 2: 15,00 - Upside: 50%

DreamsDefined DreamsDefined USDJPY, 1D, Short ,
USDJPY: USD/JPY - Heading Down!
09:56
96 0 2
USDJPY, 1D Short
USD/JPY - Heading Down!

Hey all This is the first Market Update for the USD/JPY! Check out the recent "Update + The Way Forward" video for an explanation of what these are and why I'm doing them :) Suffice to say, the USD/JPY is reaching a critical point that will likely define the market for the coming years. That's the longer-term view, but over the short term I'm expecting a swing ...

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