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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.
-Westy- -Westy- BTCUSD, 1D, Short ,
BTCUSD: BTC - Retracement Back to $6,600
448 4 5
BTCUSD, 1D Short
BTC - Retracement Back to $6,600

Price retracement based on the same 25% drop observed March 21st. I expect prices to fall in a similar pattern over 10-14 days bottoming out around $6,600 early May.

IntelligentTrading IntelligentTrading GBPUSD, 1D, Short ,
GBPUSD: Cable GBP/USD Breaks Uptrend
96 0 3
GBPUSD, 1D Short
Cable GBP/USD Breaks Uptrend

**TRADE ALERT** SELL GBPUSD -0.41% at 1.39772 S/L 1.4190. Not for the faint hearted as Brexit talks makes this a lively pair but with the long uptrend breaking together with negative momentum looks a decent trade for a downside move. Recent dovish comments from the Bank of England's Carney also supporting this bearish set up.

martenus.prince martenus.prince NZDUSD, 240, Short ,
NZDUSD: USD is doing great, let's go bears!
15 0 0
NZDUSD, 240 Short
USD is doing great, let's go bears!

We now stopped in the shorter-term channel at the bottom and we have two options. I am in favour of more downtrend. That is why I setup a second entry as sell stop. I also have a great position from the top of the channel in a short position. I can collect my profits if the trend reverses and price bounces.

martenus.prince martenus.prince USDJPY, 240, Long ,
USDJPY: Following the 4H bull trend from reentry into this channel
26 0 0
USDJPY, 240 Long
Following the 4H bull trend from reentry into this channel

I had a nice opportunity to enter at the reentry into this big bullish channel and currently I am running nice profit. There are two resistances ahead and some more if we go all the way to the red channel, red upper line is visible in this graph. I will edit my TPs accordingly to price action.

smilingllama smilingllama BTCUSD, 1M,
BTCUSD: Bitcoin - hopium
40 0 0
BTCUSD, 1M
Bitcoin - hopium

Nothing more than playing around with the monthly log and heikin ashi candles to show the trend better. Pure hopium speculation... Until we see some green on this time frame my inner bear is still winning. Both RSI and Stoch are still pointing down as well, which indicates to me that we aren't out of the current downtrend just yet, despite all the bulls on ...

evert.tracks evert.tracks SILVER, 1D, Short ,
SILVER: 20-Apr Silver hits resistance (daily)
17 0 0
SILVER, 1D Short
20-Apr Silver hits resistance (daily)

Silver rose and hit the major down trend. Based on a price action signal on 19-Apr, a short entry has been placed. Stop: 17.40 Entry: 17.11 R1: 16.94 R2: 16.71 R3: 16.48 R4: 16.25 R5: 16.01

smilingllama smilingllama LTCEUR, 1D, Long ,
LTCEUR: Litecoin - Heikin Ashi, trend analysis
39 0 0
LTCEUR, 1D Long
Litecoin - Heikin Ashi, trend analysis

Looking at the LTC chart with Heikin Ashi candlestick pattern, we can see the trend much clearer, and things are looking good with a strong uptrend, all green candlesticks with high wicks, which indicates the trend is currently strong. However, I don't think we are completely out of the down trend just yet, price needs to make a higher high on the daily before ...

thor08 thor08 BTCUSD, 1D, Long ,
BTCUSD: Breakthrough the down channel to happen on May the 5th.
43 0 0
BTCUSD, 1D Long
Breakthrough the down channel to happen on May the 5th.

Upon my calculations, using the below techniques I'm estimating an important impulsive movement, which likely will be UP direction, and should happens on 05.05.2018. Methods used: -ROC crossing MA. -2 x Fibonacci trend zone. Minimums and maximums appoints both to the same date! -ESCGO by Lazzy Bear indicators. Helps locating price cycles in time. -Fibbonacy ...

CHILLFOREX CHILLFOREX EURUSD, 1D, Short ,
EURUSD: Daily Triangle Formed on EURUSD
44 0 0
EURUSD, 1D Short
Daily Triangle Formed on EURUSD

As you can see we have a great couple of technical supporting a further downward move for EURUSD to the 1.22 area, we have also broken and retested a Daily Bullish Trend line, showing signs of rejection from this also. fundamentally the US economy is strong with Investors being worried for the Euro in regards to the lasting effects of the trade tariffs, the Euro ...

fibsfriend fibsfriend GBPUSD, 1W, Short ,
GBPUSD: Short from 1.474
26 0 0
GBPUSD, 1W Short
Short from 1.474

Short from 1.474. Why? If it reaches that area soon we would have the following: 1. Top of weekly channel 2. Nice AB=CD 3. Area has acted as an important reversal zone over the past decade

smilingllama smilingllama BTCUSD, 240, Short ,
BTCUSD: BTC, two important price levels
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BTCUSD, 240 Short
BTC, two important price levels

Two key levels here for BTC, and it will be interesting to see if we can close above level one on today’s candle. I will be bullish if we can close above level 2, the current trend line suggests we could be heading that way, but expect strong resistance from level 2.

thor08 thor08 BTCUSD, 1D, Long ,
BTCUSD: Up. Bullish. Trading Plan !
64 0 0
BTCUSD, 1D Long
Up. Bullish. Trading Plan !

Hi, I'm happy to announce that bears seems to be loosing power since yesterday. Strong bulling signals are on going ! Everywere. Fundamentals also match: Rockefellers, and Santander Bank Firm joined Blockchain and Criptocurrencies on Friday. But the buying signals doesn't regards these news, which is PERFECT ! Because this means there is a lot of bulls compression ...

BenevolentBadger BenevolentBadger BTCUSD, 1D,
BTCUSD: BTC - Bearish Hidden Divergence
38 0 0
BTCUSD, 1D
BTC - Bearish Hidden Divergence

Looking at the Daily timeframe for BITTREX:BTCUSDT, A bearish hidden divergence can be noted with price vs stochti. With some previous daily support/resistance levels mapped, it looks like it is to retest 7.5k which a little too close to the bear trend(we've hopefully left) for liking. Weekly timeframe still looking bullish as it comes to the end of a symetric ...

L3wis L3wis EURJPY, 1D, Long ,
EURJPY: EUR/JPY at Key Levels
5 0 0
EURJPY, 1D Long
EUR/JPY at Key Levels

Previously we have seen an inverted head & Shoulder pattern on this pair, this has now been confirmed and the neckline/resistance barrier of 132.00 has now held and been successfully broken and is currently trading at 132.362. I am expecting a slight pullback to 132.000 before making a push higher towards the 133.000 resistance level. Reasons for this long ...

Captain_Walker Captain_Walker US30, 1D,
US30: Are trend lines any good?
02:45
15 0 0
US30, 1D
Are trend lines any good?

3-minute video. I look over a number of trends on various stock indices, pointing out some interesting situations. The challenge with trend lines is to spot them early enough and to believe your own eyes.

MattDede MattDede GBPJPY, 240, Short ,
GBPJPY: GBPJPY
20 0 0
GBPJPY, 240 Short
GBPJPY

So I have drawn my trend lines on a 4H chart, and then drilled down to the 1H time frame and drawn some S/R lines and a zone and I have seen that the trend lines hit a point, so thus had I entered the market where I have drawn my short position, i would now be in positive pips.

ShaunBC ShaunBC USDJPY, 1D, Short ,
USDJPY: USDJPY: downtrend continuation - short
101 2 2
USDJPY, 1D Short
USDJPY: downtrend continuation - short

Daily: downtrend 1) price has just hit an ongoing downtrend resistance line 2) 62 period EMA acting as a dynamic resistance line 3) Stochastic indicator currently in overbought conditions 4-hour chart: 1) double top formed during uptrend. Reversal signal so next move is down. 2) 3 black crows bearish candle formed 3) 5 period EMA currently pointing down, and ...

RipzForex RipzForex USDJPY, 60, Long ,
USDJPY: USDJPY LONG
58 0 0
USDJPY, 60 Long
USDJPY LONG

USDJPY LONG IDEA Price is making a series of Highs and lows. My area of interest is around the 79% area with the breaker marked out.

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