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Trend Lines

Trend 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 a bullish trend. Lines with a negative slope that act as resistance to the price action show that net-supply is increasing. As long as the price action stays under this line, we have a bearish trend.

Price usually retests a sloped trend line several times, until it breaks at which point we may have a trend reversal. The more points there are to connect, the stronger a trend line becomes. Different strategies have different rules on how far apart connected price points can be and whether to connect wicks or candle bodies, but all trend lines break eventually. TradingView has a smart drawing tool that allows users to visually identify trend lines on a chart. This tool can also be used to illustrate trends on indicators.
evert.tracks evert.tracks F, D,
F: Ford break-out 10-Oct-2017 (Daily)
17 0 5
F, D
Ford break-out 10-Oct-2017 (Daily)

Ford has been breaking out from a major long-term downtrend and has been moving upwards since 18-Aug-2017 from $10.46 and the currently ranging at $12.04 and 12.13. However there is a pinbar on the 4th of Oct 2017 and there is no sign higher movements at the moment. So Ford might be consolidating from this rally. Action: Watch $12.50

evert.tracks evert.tracks ASIX, D,
ASIX: ASIX in a strong upward trend 04-Oct-2017 (Daily)
11 0 4
ASIX, D
ASIX in a strong upward trend 04-Oct-2017 (Daily)

ASIX has been moving upwards since the end of 2016 with Higher-High's and Higher-Low's. R: 42.50 S2: 39.59 S1: 34.90 ATR: 1.00 N: 2.00 Next action: Watch 42.50

evert.tracks evert.tracks SILVER, D,
SILVER: Silver 18-July-2017 (Daily)
39 0 2
SILVER, D
Silver 18-July-2017 (Daily)

On the daily-chart, the 7-July downward break-out created a nice Buy pinbar on the 8-Jul. I am keeping an eye out around a major resistance around $17.15 and expect some resistance around $16.30 Summary: Silver is in a downwards trend with Lower-High's and Lower-Lows Resistance zone: $ 16.30 - 17.15 Support zone $14.50 - 15.5

Quadricolor Quadricolor BTCUSD, D,
BTCUSD: BTC Long term up trend still intact.  Wait to re-enter market.
81 0 4
BTCUSD, D
BTC Long term up trend still intact. Wait to re-enter market.

The overall daily trend is still in a major upward movement. Indicated by higher highs and the 200 day Moving average. The RSI is oversold, indicating some weakness in the price. Some profits can be booked now or held onto, though new long positions or buying activity can be put on hold until some retracement occurs. When the RSI is lower or if there is a good ...

forexhub_ forexhub_ GBPJPY, D, Long ,
GBPJPY: GBP/JPY Long Bounce off major support
71 0 3
GBPJPY, D Long
GBP/JPY Long Bounce off major support

Yen is weak and the pair has reached a major support/resistance level of 148. I believe it is going to bounce off and fly towards next resistance/support level of 154.

freddyM-E freddyM-E GBPUSD, W, Long ,
GBPUSD: GBPUSD Long fibs, trend continuation, look left @tradeempowered
24 0 2
GBPUSD, W Long
GBPUSD Long fibs, trend continuation, look left @tradeempowered

https://uk.tradingview.com/x/9pmTxgOz/ Possible trend continuation on the weekly for the GBPUSD, price action shows a break of a downtrend line (from 2016) and close above to create a new structure high, after 3 weeks of retracement, price action reached an area of possible reversal, the fibs retracement 618 has been crossed by last week candle and buyers took ...

MGTRADES MGTRADES CHFJPY, 240, Short ,
CHFJPY: CHFJPY SHORT
19 0 1
CHFJPY, 240 Short
CHFJPY SHORT

Waiting for price to break 115.08 level to see a continuation of the down trend to the next weekly support, sentiment in confluence with candle stick pattern from multi time frames and new lower lows being formed on a daily with a descending triangle also forming. Enter 115.08 Stop 115.26 (-18 pips) TP 114.34 (+74 Pips)

AshirDanville AshirDanville EURCAD, D, Short ,
EURCAD: "Trade what you see not what you think" Bearish Sentiment
34 0 2
EURCAD, D Short
"Trade what you see not what you think" Bearish Sentiment

Validated confluences 1.Weekly/Daily Support broken Resistance valid (strong) 2.Trend Trading 3.Profit margin 1:3 4.No major support until 1.4200 desirable profit margin 5.Weekly Trend-Line broken (Strong Validation)

shaunbaker shaunbaker EURJPY, 60, Short ,
EURJPY: EURJPY Short Idea
59 0 5
EURJPY, 60 Short
EURJPY Short Idea

First idea published - open to critique. Looking at price coming again against resistance and pushing back down - 3 targets highlighted.

AshirDanville AshirDanville GOLD, 240, Short ,
GOLD: "Trade what you see not what you think" Bearish Sentiment
32 0 4
GOLD, 240 Short
"Trade what you see not what you think" Bearish Sentiment

1.Weekly/Daily resistance valid 2.Bollinger band pierced 3.Daily trendline breached

MrSimpleCandle MrSimpleCandle XAUUSD, 60,
XAUUSD: Don't forget the Nature of GOLD
42 0 3
XAUUSD, 60
Don't forget the Nature of GOLD

We can not use fundamental analysis without technical analysis this two things need to do together. If we worry about the war and pray the gold price go bullish moving but the big trend is moving down "what is the different" Volume and Supply Demand zone is answer every time we trade, we should have a backup plan.

AshirDanville AshirDanville EURNZD, D, Short ,
EURNZD: "Trade what you see not what you think" bearish Sentiment
24 0 3
EURNZD, D Short
"Trade what you see not what you think" bearish Sentiment

1.Price action is in weekly support zone 2.Price action broken opposing zone 3.Trendline broken on daily timeframe 4.Gap up to the support zone

Lyzerr Lyzerr SCBTC, D, Long ,
SCBTC: Siacoin (SC) (Long)
141 0 2
SCBTC, D Long
Siacoin (SC) (Long)

Good technical long set-up for Siacoin Set-up 1: Swing trade: @ Monthly average buyers/demand (15mins timeframe for confirmation at the highlighted green areas) Target: 20% Accumulation for a swing trade (for 14-48% gains) {Target 1: 0.00000152, Target 2: 0.00000173} Position trade: @ Monthly strong buyers/demand Target: 80% Accumulation for a position ...

Ahmed-700 Ahmed-700 PRO UKX, W, Long ,
UKX: UKX. FTSE-100. Idea for sale.
112 0 6
UKX, W Long
UKX. FTSE-100. Idea for sale.

UKX. FTSE-100. Idea for sale.

Ahmed-700 Ahmed-700 PRO NAS100, W, Long ,
NAS100: NAS100 - Global turning zone and channel limits.
109 0 8
NAS100, W Long
NAS100 - Global turning zone and channel limits.

NAS100 - Global turning zone and channel limits.

Bitkingfx Bitkingfx FCTBTC, D, Short ,
FCTBTC: Fractal Idea for Factom shows more downside.
126 2 6
FCTBTC, D Short
Fractal Idea for Factom shows more downside.

The great thing about Crypto charts is they are fractal by nature, if you're a fan of Fractals there are no better charts than Crypto to trade your theory. Just look at Bitcoin its a Fractal traders dream with Fractals appearing almost every month. I will have a future post on this soon. Looking at Factom we have a perfect Fractal trade coming up, lets see if ...

AshirDanville AshirDanville EURPLN, D, Long ,
EURPLN: "Trade what you see not what you think" Bullish Sentiment
8 0 3
EURPLN, D Long
"Trade what you see not what you think" Bullish Sentiment

Validated confluences 1.Weekly/Daily Resistance strong/valid 2.Profit margin 1:3 3.No major resistance until 4.3400 4.Trend line broken on daily

evert.tracks evert.tracks XRPBTC, D, Long ,
XRPBTC: XRPBTC break-out 9-Oct-2017 (Daily)
44 0 3
XRPBTC, D Long
XRPBTC break-out 9-Oct-2017 (Daily)

XRPBTC Ripple is slowly creeping upwards from the downward from the Breakout and a Volume spike at 22-Aug-2017 and is currently ranging between 7300 and 3500µ. Test buy order placed at 5800 µ Action: Watch 7300 µ Major trend : Downward Current Trend : Ranging Resistance : 7312 µ Support : 3481 µ * µ = Micro

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