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Why draw Trendlines. Here are a couple of reasons why: To adapt to context of the market; To identify the long-term trend; To better time your entries and exits.
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Trend lines have become widely popular as a way to identify possible support or resistance. But one question still lingers among Forex traders – how to draw.
3 Jun 2018.
How to Draw Forex Support and Resistance: Forex Trading Strategies.
5 Ways to Trade a Trendline or a Channel
On the arithmetic scale, three different trend lines were required to keep pace with the advance. Validation. It takes two or more points to draw a trend line. The .
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When drawing trend lines in a downtrend, you draw them above the price.
The chart below shows a trend line drawn using the wicks of the candlestick.