Forex Trendline Strategy

Forex Trendline Strategy

The trendline is a line that is drawn on the chart between two different prices. The prices are connected at the top, bottom, and/or middle to form a line in either an up direction, down direction or flat direction. What is the forex trendline strategy? Trendlines are one of the forms of technical analysis that can be used to filter out potential trading opportunities. There are many technical indicators that use trendlines for their calculations, and some even display trendlines on the chart. The basis of the trendline strategy is to ride the trend. This means traders would look to …READ MORE