I’ve been learning forex for about 2 months, at the moment I’m practising trading pullbacks with Fibonacci and candle stick patterns, this set up shows a pullback to the 50% retracement level with lines up with previous resistance now acting as support.
#NZDUSD #TechnicalAnalysis ~~ This counter currently trying to form a #wedgeformation. ~~ Now, it has formed an #ascendingtriangle with in that & broken to move up further. ~~ Hence, we expect that it will be bullish upto the resistance line. https://traderpulse.com/forex-analysis-app/#pricing
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Unfortunately, most forex traders don’t draw them correctly or try to make the line fit the market instead of the other way around. In their most basic form, an uptrend line is drawn along the bottom of easily identifiable support areas (valleys).. This is known as an ascending trend line.. In a downtrend, the trend line is drawn along the top of easily identifiable resistance areas (peaks). Forex news from ForexLive. The fastest Foreign Exchange market reporting and analysis. Live Forex and economic news. Technical analysis, headlines, Live quotes. FOREX.com is a registered FCM and RFED with the CFTC and member of the National Futures Association (NFA # 0339826). Forex trading involves significant risk of loss and is not suitable for all investors. Full Disclosure. Spot Gold and Silver contracts are not subject to regulation under the U.S. Commodity Exchange Act. The concept of Forex Trend Line Strategy is the same as support and resistance strategy but trend line is more unique in my opinion. You just need to connect two swing points, then you just made your own trend line. Posted in Strategy / Tips, Version Tagged belajar forex trading, belajar forex untuk pemula, best swing trading strategies for beginners, forex, forex line indicator free download, forex line swing, forexlineindicator, how to swing trade, how to trade, simple swing trading strategies, strategies for swing traders, swing trader, swing trading ...
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