Strong Trend Line
A lot of traders still don’t understand how to draw a strong high probability trend line. They can make the difference between great profits and great losses. Trend lines tend to be more reliable on the bigger time frame’s such as the 4 hour, daily and weekly charts.
Here’s my little guide on how to find and draw the best trend lines in forex.
Drawing strong trend lines in falling markets (downward sloping trend line).
- Must have at least 3 touching points
- Touching points should be evenly distributed across the falling trend line
- Trend line must be at least 55 candlesticks long
Drawing strong trend lines in rising markets (upward sloping trend line).
- Must have at least 3 touching points
- Touching points should be evenly distributed across the rising trend line
- Trend line must be at least 55 candlesticks long
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