![]() | Forex Trend LinesKnow how to draw a trend line
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Forex Trend Lines
In addition, it will also help to determine good entry and exit points, best positioning for profit taking and placing protective stops. So, shall we learn how to draw trend line to make it our good friend in profitable forex trading? ![]() In the uptrend, Forex trend line is drawn through the lowest swing-points of the price move. In the down trend, trend line is drawn through the highest swing-points of the price move. Keep in mind that same charts may show slightly different "highs" and "lows" if you try to compare different Forex brokers. This can be explained by the fact Forex quotes often vary from broker to broker (it's a small difference, yet often clearly noticeable when it comes to drawing trend lines). A trend line confirms its validity when the price respects this line. The more «lowest lows» / «highest highs» the trend line contains, the stronger it becomes. ![]() Another sample of drawing trend lines: main and inner downtrend lines. ![]() Learn more about Forex trend lines in the Trend Line Book — Free Forex eBook.
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