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4 Keys to Profitable Forex Trend Trading: Unlocking the Profit Potential of Trending Currency Pairs by Christopher Weaver

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Key 1. Trend Lines

A trend line is one of the most commonly used tools in technical analysis. However, while most traders know what this tool is, not so many know how to use it to implement an effective trading strategy. More often than not, traders draw a single trend line, which is used to highlight historic price action rather than to project a probable future.

Because of this, the trend line has come to play a minor role for many traders in setting market entries and exits. People have overlooked the simplicity of the trend line in favour of more complex indicators and systems. This is a shame as they are missing out on a powerful tool.

In this chapter, I am going to explain trend lines by defining their characteristics, by discussing ...

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