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.
USDCHF POTENTIAL SHORT OPPORTUNITY.
SO IT HAS BEEN AWHILE SINCE I HAVE MADE A POST ON HERE AND ITS FOR GOOD REASON. THERE HASN'T BEEN MANY GREAT LOOKING SWING SETUPS! I HAVE BEEN PRIMARILY SCALP TRADING THE NY SESSIONS IN THE MORNING CATCHING MY PIPS THAT WAY. AS I WAS DOING MY PRE-MARKET ANALYSIS THE MARKET HAD SHOWN ME A DECENT LOOKING OPPORTUNITY ON USDCHF...
#GBPJPY
On the weekly, price formed a strong channel and it’s being respected on all lower time frames. Price has pushed downward after reacting to a rejection of a daily zone which also line up to the recent down trend. Drawing a trend line downward from the recent Higher lows we could see a push upside for a retest of the trend line again. Which is another...
Hello,
This is my trade chart but i want to publish it for holders.
Firstly i bought it 14 (%100) and sold 18-20 (%50-%50). Secondly i bought it 15-16 (%75-%25).
And now, i will sell it 24-26-27 (%33-%33-%33) if it break 20-22.
If you are risky, you can wait 30-33 (%50-%50).
I am not risky :) and i like to buy and sell according to my chart analysis and i...
Possible Asscending triangle on Weekly TF. Price will be reaching resistance zone where we can possibly see opportunities for sells down to test Ascending TL.
Break and re-test of Daily TL to confirm short time move down.
ETH Daily SMA 50 has been rejecting price advance quite consistently. With this many rejections at/or around the 50, and a down-sloping trend line approaching, one has to think that the Bearish response to any price advance beyond the Daily SMA 50 illuminates the path of least resistance to the downside.
Since the surge last Friday, any advance has been met with...
See callout bubbles. Always measure your risk and be okay with being wrong ; ) Wait patiently and get the price that you want. Use the market. Don't let the market use you.
I added some key trendlines I believe have to be considered while trading the pair. I cannot state for certain where will the price move, but if it crosses the orange dashed line on the way up and then makes a U-turn, it might be a strong signal to sell.
By the looks of it Bitcoin will have decided which direction it is going to go by the 21st of February.
We could touch the double bottom break out zone, that looks like pretty strong support before making any moves higher. The monthly pivot never broke, neither did the diagonal resistance zone. Price is still sandwiched between the monthly and weekly pivot, with...
The pair has been trading in a range for quite a while, but the market is playing with us, make us think that the pair could go up.
we analyze how could go for the coming weeks, so a long term analysis, trade with own awareness. #forex
We do not take any responsibility for your trades!
have a nice weekend
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