WebTrend lines can be used to identify and confirm trends. A trend line connects at least 2 price points on a chart and is usually extended forward to identify sloped areas of support and resistance. Lines with a positive slope that support price action show that net-demand is increasing. As long as the price action stays above this line, we have ... WebNov 13, 2024 · Trend-following trading strategies have a huge following among Forex traders and one of the most efficient tools to follow a trend are trendlines. Trendlines are …
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