Some commonly used ones are Major primary trend monitored by a 40-week (200-day) moving average.
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Recognizing the trend line and the opposing parallel channel line - channel return line - and understanding the human dynamics that account for its structure, increase the efficiency of profit making by initiating or adding to one's position at trend lines and profit taking at the channel return line.
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If you are short a security you will buy it in order to close the position.
basics of forex
Would you like to possible profit trading forex with day forex inside trading and also forex signal trade and trade like a Pro!
No one else can do it for you.
We learned that the trend line acts as underlying support to up trend lines and overhead resistance to down trends.
The three trend lines that can be drawn from the initial point of the trend through each of the retracement extremes are known as Fan Lines.