Technical Analysis of the Trade:
The chart you provided highlights several patterns and levels, which I'll break down into different components for a clear analysis:
1. Market Structure:
Ascending Channel:
The price is moving within an upward-sloping channel, indicating that the market is in a bullish structure. An ascending channel like this represents a...
Hello traders,
In this post i am just showing you a very simple and easy trading strategy especially for beginners, in this strategy i am just using two basic things trendlines and 50 simple moving average which is you can also see in the charts above.
What you will be doing in this strategy just simply go to the 1hr timeframe see...
Hey Guys!
Just wanted to post a quick lesson on "How to Draw Legitimate Trendlines".
In this lesson, I explain the 3 rules that must be applied for a trendline to be legitimate.
1.) Trendline's attachment points must be on the wicks of a candle. Not the body of a candles.
2.) There must be at least 3 contact points on a trendline for it to become...
Trend lines are lines that are drawn on the charts connecting a series of prices together . They helps traders to find the further support and resistance .
Further there are two types of Trend Lines:
1. Body to Body Trend lines .
2. Wick to Wick Trend lines .
How often you use Trend Lines?
Lets us know what you think about this educational idea in comments!
Basic rules for trading according to the Trendline Trading Strategy
RULES
1. Always trade with trend, because Trend is your FRIEND.
2. Find trendline that has at least 2 touches.
3. Clear breakout of structure
Chart 3. shows clear breakout of the zone
Mostly you should rely on Volumes, that has to increase a lot. Moreover body part of the candlestick should...
