How to Draw Trend Lines: The Best Method
Автор: APNacademy(lets solve)
Загружено: 2022-05-27
Просмотров: 10099
Описание:
In this video we show you the BEST method of how to draw trend lines.
Trend lines are one of the most effective way to get important areas of interest to a trader and if accurately drawn, one may have an edge in the market.
Though one should know the time frames where they are drawing the trendlines as the different time frames have different purposes, this means that trend lines drawn in Analysis time frames ,that is Monthly ,Weekly and daily are of different purpose of identifying targets and areas of interest from those drawn in Entry time frames and refining timeframes, that is Hourly and minutes which we use for taking trades and obtaining better fit entries points.
We use trend lines for the following reasons.
They act as support and resistance
Help identify direction
and enable one to easily identify HHs and LLs.
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#forex #trend lines #trading
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