Trend lines

Trend lines are one of the most common and used techniques in technical analysis in forex trading. We must first answer the question: what are the trend lines, and how can we use them in forex trading? Trend lines can be used both to determine the trend and to identify important trading areas. If we draw them correctly, on the tops and bottoms, we can understand whether a certain tool has an upward trend or a downward trend. In addition to determining the trend, we can use them to determine resistances and supports, but they are not as reliable as like for determining the trend. No matter what strategy you use, trend lines should be present in your trading arsenal. They are very important, of course, when the trader draws them correctly. When they are drawn properly (on the tops [...]