Short Term Trendline

Short Term Trendline

Have you ever heard the saying words Äúthe trend is your friend, oh? Yup, everyone keeps saying that when you enter the market. Especially in forex working at 24 pm on each working day.

This article is discussing how a short-term trend is developing. First of all, let, AOS us know, Äúbullish, o means an upward trend and Äúbearish, o means a downward trend.

Bullish trend is when a series of market price represented by candlesticks / bars are shown in the table upward movement.

Conversely, a bearish trend occurred when a series of market price represented by candlesticks / bars on the chart showing downward movement.

And the next question is that going to do in bullish or bearish trend?

Since I trade with a trend, then I only buy the bullish trend and only sell in a bearish trend. But that's not what traders swing (to, AOS talk about this some other time).

Now, we, Äôre will determine bullish and bearish trend by drawing a diagonal line of our scheme. Use a 1H time scale to attract short-term trend line.

Connect opening / closing price low is done stepwise pattern to make a bullish trend line and connect the opening / closing price of the high level we are doing down pattern to a bullish trend line.

The bullish trend, we bought just over the line, but not too far over the line. And in a bearish trend, we only sell below the line, but not too far below the line.