how to draw forex trend lines Strategy

Forex Trendline Trading Strategy



Most traders think that drawing trend lines is all about connecting various highs

and lows. Without proper knowledge & experience, you would see them

everywhere, however not all trend lines should be considered. If you follow the 
guidelines to drawing good trend lines, there is a high chance that the price will

respect your trend line and get repelled by it, or it will break through the trend 
line resulting in a massive and profitable move. 




how to draw forex trend lines Strategy




















Let's start with some basics.




With below chart i think you know...it is uptrend





Then this line will be downtrend





and for this line will be sideways









Rule to draw forex trendlines



draw to at least 2 touching points using trendline tool on the chart. If you can find 3 to 5 touching points, then it will be a good trendlines.






3 Touching Points On Uptrend Movement















5 Touching Points On Downtrend Movement








That's all, it simple right?



If you want to explore more on how to draw forex trendline trading strategy, you can download this ebook of understanding the myths of market trends and patterns.


In the ebook you will learn on how to trade forex chart patterns by using trend lines only. The forex chart pattern such as, Triangles, Flags and Wedges.  It is in pdf format and is it FREE to download.












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pipsumo Traderfx

A forex trader who enjoy doing forex naked chart and make profit with forex expert advisor.Also enjoy to socialize with other forex trader in the world.