Trend Line is one of the most versatile tools in trading.
You can use it in day trading, swing trading or even position trading.
What is a trend line ?
A trend line is a line that connects consecutive higher lows in an uptrend and lower highs in a downtrend.
There are two types of trendlines, the upward (or uptrend) trendline and
downward (downtrend) trendline.
Ultimate Price action guide
You can use it in day trading, swing trading or even position trading.
What is a trend line ?
A trend line is a line that connects consecutive higher lows in an uptrend and lower highs in a downtrend.
There are two types of trendlines, the upward (or uptrend) trendline and
downward (downtrend) trendline.
Ultimate Price action guide
Look at this chart and think of how many significant lows you can find ?
I can see 3 , can you ?
Look at the first low , the second ……. And this is what you get .you draw
an upward trendline connecting the first two lows...and on the 3rd low when price reach the trendline you could have entered long with very LOW
risk and made good amount of profit in each trade.
If you want to learn how to trade in the market the right way.
I can see 3 , can you ?
Look at the first low , the second ……. And this is what you get .you draw
an upward trendline connecting the first two lows...and on the 3rd low when price reach the trendline you could have entered long with very LOW
risk and made good amount of profit in each trade.
If you want to learn how to trade in the market the right way.
RBD DBR and RBR DBD
As price moves it creates (swing) highs and lows, the extremes of these moves can be marked as “bases”, just like the ones marked above. When bases are created after a “rally” or a “drop” they form a
Rally-Base-Drop (RBD) or a Drop-Base-Rally (DBR).To learn more kindly find the links of my courses below :
As price moves it creates (swing) highs and lows, the extremes of these moves can be marked as “bases”, just like the ones marked above. When bases are created after a “rally” or a “drop” they form a
Rally-Base-Drop (RBD) or a Drop-Base-Rally (DBR).To learn more kindly find the links of my courses below :
According to the chart, We have a healthy uptrend with a series of higher highs (HH) and higher lows (HL).
At point #1, price retrace all the way down to the previous Higher low (HL) and never bounce from that level until finally, we get a lower low (LL)
by breaking previous Higher low (HL).
Going short at this point would have been a good trade entry and a great way to get a favourable risk to reward ratio trade work in your favour.
of course, the same principals can apply to long trade but in the opposite way.
Have a look at the forex chart .
We have a downtrend with a series of lower lows (LL) and lower highs (LH) and have a look at point #1,
What happened there? Price tried to create another lower low by breaking the previous lower low (LL) but ended up failing.
To learn more click on the link in bio or send me a private message
At point #1, price retrace all the way down to the previous Higher low (HL) and never bounce from that level until finally, we get a lower low (LL)
by breaking previous Higher low (HL).
Going short at this point would have been a good trade entry and a great way to get a favourable risk to reward ratio trade work in your favour.
of course, the same principals can apply to long trade but in the opposite way.
Have a look at the forex chart .
We have a downtrend with a series of lower lows (LL) and lower highs (LH) and have a look at point #1,
What happened there? Price tried to create another lower low by breaking the previous lower low (LL) but ended up failing.
To learn more click on the link in bio or send me a private message
resistance doesn’t always hold. Market participants
may be willing to pay even more, pushing price higher until a new
equilibrium is found. Once the resistance is broken, another
resistance level is formed and new sellers are established. An
example from the daily EURUSD illustrates this point.
if you have question feel free to contact me personally at : @learn_candlesticks_pattern
Buy E-books
Ultimate Price action guide
For beginners
may be willing to pay even more, pushing price higher until a new
equilibrium is found. Once the resistance is broken, another
resistance level is formed and new sellers are established. An
example from the daily EURUSD illustrates this point.
if you have question feel free to contact me personally at : @learn_candlesticks_pattern
Buy E-books
Ultimate Price action guide
For beginners
RBD DBR and RBR DBD
As price moves it creates (swing) highs and lows, the extremes of these moves can be marked as “bases”, just like the ones marked above. When bases are created after a “rally” or a “drop” they form a
Rally-Base-Drop (RBD) or a Drop-Base-Rally (DBR).To learn more kindly find the links of my courses below :
As price moves it creates (swing) highs and lows, the extremes of these moves can be marked as “bases”, just like the ones marked above. When bases are created after a “rally” or a “drop” they form a
Rally-Base-Drop (RBD) or a Drop-Base-Rally (DBR).To learn more kindly find the links of my courses below :
First we look at the chart for an area where price strongly shot up from (demand) or dropped away from
(supply).
(supply).
Technical analysis is not an exact science, and this becomes
clear when examining support and resistance zones. Zones are like
support/resistance lines, but they encompass a larger area on the
chart.
Just like the support and resistance lines, support and resistance
zones are powerful indicators for buyers and sellers. This area has
exchange of contracts and stop and limit orders, as well as orders
waiting to be filled.
clear when examining support and resistance zones. Zones are like
support/resistance lines, but they encompass a larger area on the
chart.
Just like the support and resistance lines, support and resistance
zones are powerful indicators for buyers and sellers. This area has
exchange of contracts and stop and limit orders, as well as orders
waiting to be filled.
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False-breakouts are exactly what they sound like: a breakout that failed to continue beyond a level, resulting in a ‘false’
breakout of that level. False breakout patterns are one of the most important price action trading patterns to learn,
because a false-break is often a very strong clue that price might be changing direction or that a trend might be resuming soon.
A false-break of a level can be thought of as a ‘deception’ by the market, because it looks like price will breakout but then it
quickly reverses, deceiving all those who took the ‘bait’ of the breakout.If you want to learn how to trade the market the right way , i highly recommend you to join my course,
breakout of that level. False breakout patterns are one of the most important price action trading patterns to learn,
because a false-break is often a very strong clue that price might be changing direction or that a trend might be resuming soon.
A false-break of a level can be thought of as a ‘deception’ by the market, because it looks like price will breakout but then it
quickly reverses, deceiving all those who took the ‘bait’ of the breakout.If you want to learn how to trade the market the right way , i highly recommend you to join my course,