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Trendlineanalysis

TRENDLINE TRADING | Advanced trading lesson Hello traders 👋 Today im sharing my trading strategy with trendlines. It's my first education post, so maybe a lot of mistakes. Please don't take it the wrong way, thank you. Let's talk about lesson What are Trend lines? Trend lines are diagonal lines that are drawn on charts in the financial markets trading. Trend lines are used to highlight , visualize , and make price action easier to analyze on different instruments and assets in the financial market. How to trade And Use Trend Lines + basic supports. 1. Wait for touch ⌛ When drawing a trendline, the first thing price is check the three times or more. If the price is not checked three times or less, can't draw trendline. 2. Draw ✏️ To draw a trend line, you must choose a time frame. I'm use always bigger than 1 hour timeframe . This is because you want to find the price action for a longer period and not just some light movement. 3. The Basics of Support and Resistance + key levels ✔️ When trading with trend lines, the concept is applied in order to maximise the chances of winning trades. 4. Looking for entry + risk management 💰 Always wait for confirm example; trend line break + price making lower low + pullback + add indicators 🤲 If you like my strategy, Please like and comments. 🤲 Thank you!
Education
by YertuntsTrader
8
OGNUSDTHi dear friends The price has been very nice in its movement, respecting the previous ranges, and until the orange uptrend line is broken to the bottom, I have no mentality for a downtrend. In my opinion, there is a high possibility of forming an upward trend from the $0.2458 or $0.2348 price range. The yellow range ($0.3454) is not so valid and probably there are no special orders in this range!!! If the uptrend line doesn't break down, the longer term downtrend line is more likely to break, isn't it!?!?
Long
by FiboTech
CVS Descending Channel on Weekly Chart The "Decending Channel" pattern was identified on the weekly chart. A "Double Bottom" pattern was identified on the daily timeframe, however, price failed to go higher. A closer look at recent price action and we have confirmation of resistance becoming support (see level 93.62). Though this is true, it is best to wait for a break of structure before placing a trade to the upside. On a final note, the 21 MA crossed up the 9MA on Friday, July 8, 2022. Also, the RSI and volume indicator made higher lows and higher highs on the same timeframe. Personally, I will enter a swing position lightly at the break of the trendline. I will also consider a secondary play action to include a break above 95 or 96. Thanks for reading, MrALtrades00
NYSE:CVSLong
by MrALtrades00
XAG/USD TECHNICAL ANALYSISOn the monthly and weekly analysis of silver, you can see the price has formed a double top pattern and broke the neckline. I expect the price to decline back to the area where covid started and that will be in confluence with the target of the double top pattern which is the 14.20 area unless any unpredictable events occur in the time being. This is a medium-term analysis so keep in mind prices can move up and down in the short term, rely on a lower time frame analysis for better entry prices.
OANDA:XAGUSDShort
by alicanuz
I'm looking for a possible sell on GBPJPY.'I'm looking for a possible sell on GBPJPY. The main reason why I started to look for short opportunities on GBPJPY was the rejection and failure to create higher-high around the price zone 166.180 - 166.394. I'm also seeing a possible Head and Shoulder to be completed. Hopefully with the GBP weakening and the YEN gaining some strength. As long as the price stays below 166 I will personally still be looking for short opportunities as the price is already forming a lower high lower low sequence. If you enjoy the content, make sure you follow my profile and click the like button. Break at 164.631 for longer-term selling opportunities. Take care and trade safe. All the content I've posted is for educational purposes, please perform your own research and only take it as a reference.
by Kxry876
What Does a Falling Wedge & Roblox Have in Common?What Does a Falling Wedge & Roblox Have in Common? I've played Roblox once and from what I remember, players build things up and tear things down. In line with the objective of the Roblox game, the falling wedge pattern falls prior to the price rising (or "building") again. The Falling Wedge pattern was identified on RBLX weekly, daily, four hour and one hour charts. My intention is to make the most of this trade by entering a swing position. Therefore, my initial entry will be above the break of the upper trendline or 37.00. I am considering the following profit targets or profit taking levels- PT1 53 PT2 61.91 PT3 109.81 Special note -I will also consider pivot points for PT as well. *Risk Management- will include setting my stop loss below the low of the candle that breaks the upper trendline AND above 37.00. My starter position size will be relatively small to mitigate risks associated with entering a swing position. 80% of my position will be cut at PT1, 10-20% at PT2 (will be dependent on market conditions & price action of stock) and 10% or re-entry prior to reaching PT3 (will dependent on position status and price action). Peace & Prosperity, MrALtrades00 *This is not financial advice.
NYSE:RBLXLong
by MrALtrades00
GBPCAD: Stop Hunts Everywhere ⚠️Wow, last week was intense. Firstly, we saw market makers sweep break and re-test buyers THEN they liquidated breakout buyers from the trend line and to finish all off they did a sweep on sellers that remained. Although the direction is unclear for next week, I have illustrated my bias. I may be wrong but at least I know that stop hunts are out of the way and we potentially have enough liquidity for a big impulsive move. Comment your thoughts below traders 💬
Short
by AlkalineFX
16
GBPNZD I It will move downward + 200 Pips Welcome back! Here's an analysis of this pair! **GBPNZD - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support! Brian & Kenya Horton, BK Forex Academy
Short
by BKTradingAcademy
2