What is trend line in forex

By drawing trendlines on price charts, you can identify long-term trends and potentially profit from them. This guide will walk you through everything you need to know about trendline trading, from the basics of drawing trendlines to using them to enter and exit trades.

Along the way, we'll also explore some common pitfalls to avoid and how to use other technical concepts alongside trendlines for a more well-rounded trading approach.

How to draw trendlines 101

Generally speaking, it is advisable to wait for threeconfirmed points of contact before you start paying further attention to a trendline.  A trendline is only confirmed if you can get three points of contact because you can always connect any two random points on your charts.

But when three points of contact are lining up, it is no coincidence anymore.

The next question that always comes up is whether you should use the candlestick-wicks or the candle-bodies to draw the trendlines!?

The answer is confluence.

Whenever you get the best and the most contact points and confluence around your tren

understanding trend lines in forex