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Trend Lines

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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.
traderstk traderstk USDJPY, 15, Long ,
USDJPY: USD/JPY Long
32 1 3
USDJPY, 15 Long
USD/JPY Long

Fallowing the trend Enter long @ 110.840 Stop loss @ 110.450 Take profit @ 111.600 Enter short @ 110.100

Newmount_Trading_Exchange Newmount_Trading_Exchange PRO EURGBP, 240, Short ,
EURGBP: EURGBP Second Sell Higher Entry
8 0 1
EURGBP, 240 Short
EURGBP Second Sell Higher Entry

We first sold this market on Monday however the EUR rallied and hit our SL. On the chart we previously posted we identified this sell order. We are now expecting some more downside. We will be actively managing this trade and looking to move SL to break even once we are around 30 pips in profit.

asarefredua asarefredua EURUSD, 240, Short ,
EURUSD: EUR/USD to Lower Despite Good USA Retail Sales
31 0 2
EURUSD, 240 Short
EUR/USD to Lower Despite Good USA Retail Sales

Despite the positive economic news for USD; overcoming the forecasts of analysts that predicted only a 0.4% increase in retail sales, although it was actually a 0.6% increase. This fundamental analysis shows that the consumer spending within the economy of the USA is above par which can also conclude to good accounting and money management throughout the country. ...

AshirDanville AshirDanville USDCHF, 240, Short ,
USDCHF: "Trade what you see not what you think" Bearish Sentiment
21 0 1
USDCHF, 240 Short
"Trade what you see not what you think" Bearish Sentiment

Validated confluences 1.4hr Trend-line broken (uptrend) 2.Support broken Resistance valid 3.Profit margin 1:3 (minimum) 4.Price action high on the curve 5.Price action shooting star on daily timeframe

Newmount_Trading_Exchange Newmount_Trading_Exchange PRO XAUUSD, 240, Short ,
XAUUSD: XAUUSD Short
30 0 1
XAUUSD, 240 Short
XAUUSD Short

With the tensions regarding the US and North Korea quieting down and that the USD has started the week bullish we think that Gold could be a great short. We are looking to enter on the back of some 4hr bearish candle formations which close below the 4hr Support zone and therefore also breaking and closing below the two Trend Lines.

JamalWhyteFx JamalWhyteFx PRO GBPUSD, D, Long ,
GBPUSD: Gbp/Usd
67 1 1
GBPUSD, D Long
Gbp/Usd

Gbp/Usd pulled back slightly to support and consolidated there last week for a couple days, during this time the selling pressure had paused. Today we can see that price has moved lower to our trend line we can look for buying opportunities around 1.275 we may soon see price reverse and try to challenge previous highs. If price does break short we can look to ...

Newmount_Trading_Exchange Newmount_Trading_Exchange PRO USDCHF, 240, Short ,
USDCHF: USDCHF Short
24 0 1
USDCHF, 240 Short
USDCHF Short

We missed the short entry on the retest of the 4hr Resistance level of 0.97643. We are now waiting for the market to break the 4hr Support zone around 0.96717 before entering. Expecting the market to run down to the previous weekly support area, to break it and make a new lower low.

matthewmajor matthewmajor PRO OMGUSD, 45, Long ,
OMGUSD: OMG - OmiseGo On the way Up!
873 3 2
OMGUSD, 45 Long
OMG - OmiseGo On the way Up!

OMG a tech company that does decentralised peer to peer payments in the cryptocurrency sector. After studying the technical side, they are indeed having a strong trend line and good Support. Will need to keep a close eye on it until it establishes a average, but at the moment i just see this share going up!MACD also Showing strong indications of an upward trend ...

AshirDanville AshirDanville USOIL, D, Long ,
USOIL: "Trade what you see not what you think" Bullish Sentiment
85 1 3
USOIL, D Long
"Trade what you see not what you think" Bullish Sentiment

Validated confluences 1.Daily Trend-line broken (uptrend) 2.Resistance broken support valid 3.Profit margin 1:4 4.Price action low on the curve

Newmount_Trading_Exchange Newmount_Trading_Exchange PRO USDCAD, 240, Short ,
USDCAD: USDCAD Potential Short - Better Entry
68 0 3
USDCAD, 240 Short
USDCAD Potential Short - Better Entry

Our first order wasn't triggered when the markets re opened. We are now expecting the market to rally to re test the Trend Line before dropping to our TP Zone. Our overall Sentiment hasn't changed regarding this pair, however now we are able to enter at a much better price allowing us to achieve a high Profit ratio. We are looking for Bearish candle formations ...

Newmount_Trading_Exchange Newmount_Trading_Exchange PRO USDJPY, 240, Short ,
USDJPY: USDJPY - Short on Fib & Trendline
43 0 2
USDJPY, 240 Short
USDJPY - Short on Fib & Trendline

WE sold USDJPY last week with a perfect entry point and closed for 64.5 pips. The market found some support at the 4hr support zone and has rallied up. We expect a re test of the Trendline, which also falls upon the 0.68 Fib line before falling back to our TP Zone.

Newmount_Trading_Exchange Newmount_Trading_Exchange PRO XAUUSD, 240, Long ,
XAUUSD: GOLD - XAUUSD Long
48 0 1
XAUUSD, 240 Long
GOLD - XAUUSD Long

Looking to buy on the top of the previous resistance level of 1273.289 which has now become support. Expecting a Bullish rally up to Daily resistance level around 1305. Could experience some resistance around the weekly level of 1287.643, so will be moving SL to Break Even once this level has been reached.

Bitkingfx Bitkingfx PRO FCTBTC, D, Short ,
FCTBTC: Fractal Idea for Factom shows more downside.
102 2 5
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 ...

Newmount_Trading_Exchange Newmount_Trading_Exchange PRO USDCAD, 240, Short ,
USDCAD: Potential Short USDCAD
53 0 2
USDCAD, 240 Short
Potential Short USDCAD

Fridays Candle ended the week as a Spinning Top, coupled with testing the 0.236 Fibonacci Level i am expecting downside. The close of Fridays daily candle broke and closed below a strong Trend line and was also a bearish engulfing given more confidence to further downside. Breaking this down on the 4hr time frame i will be looking to enter into a sell position if ...

AshirDanville AshirDanville ABC, W, Long ,
ABC: "Trade what you see not what you think" Bullish Sentiment
33 0 1
ABC, W Long
"Trade what you see not what you think" Bullish Sentiment

Validated confluences 1.Weekly/Monthly Trend line broken 2.Resistance broken Support valid 3.Trend Trading 4.Profit margin 1:6 (Rounded) 5.Bottom Bollinger Band on daily timeframe above support zone which validates that there is major obstruction in and around the level Price action filled gap but did not have enough bullish power to go above and beyond

AshirDanville AshirDanville EURAUD, D, Short ,
EURAUD: "Trade what you see not what you think" Bearish Sentiment
65 0 1
EURAUD, D Short
"Trade what you see not what you think" Bearish Sentiment

Validated confluences 1.Weekly Trend line broken (weekly, daily) downtrend 2.Opposing support breached by strong resistance 3.Trend Trading 4.Profit margin 1:3 5.No major support until 1.4600 Let us see if the trend-line will hold we hold trade until price action displays reason to exit trade, (Confirmation type trade)

jibsfx jibsfx USDJPY, D, Short ,
USDJPY: USDJPY SHORT
153 0 2
USDJPY, D Short
USDJPY SHORT

Weekly & Daily order flow of price is within an area or areas (order blocks) where price likely to reverse & changes direction. Added confluence with daily trend structure & distribution of price in Monday's trading session where liquidity underneath price wasn't taken out give me the heads up to look for shorts for Japanese yen. Entry @ 113.74. If this position ...

Newmount_Trading_Exchange Newmount_Trading_Exchange PRO EURUSD, 240, Long ,
EURUSD: EURUSD Bounce from Daily Trendline
19 0 0
EURUSD, 240 Long
EURUSD Bounce from Daily Trendline

Bounced from the long term daily trend line. We expect the EUR to continue its bullish rally and to continue to the top of this Monthly Ranging Zone. May experience some resistance around the daily level so will be actively managing.

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