- Third touch to trend line suggesting LONG price - Line of resistance to be wary of. Check when close that price doesn't fall. If so, Adjust SL to make the trade risk free
- Respecting downward trend line on 1H chart - Bouncing around level of support line- could go either way. However, its staying below the support line suggesting that price will fall
- 3rd touch on downward trend line - Respecting line of resistance - Expecting a 200 pip decrease based on past trend line touches- try for 30 then move TP for second
First indicator is upward trend line with price touching it three times. Second is downward price trend line. Bulls eye formation for price to (hopefully) shoot upwards to the next trend line!
Marked this one up last week with the big trend line! I will wait until the price moves past the black area of resistance/support to confirm downward price movement, then in for a big SELL
Price is respecting the trend line so far with 3 touches. Looking for price to show strong upward trend off the line before putting in for a buy!
Looking at the 4H chart, upward trend is moving. Will wait until at least 10 pips rising past the trend line and then looking for a BUYYYYY
Looking for price to fall below the blue line of resistance to follow a downward trend. Then will put in a short sell to the next horizontal line
Looking for two rejection candles then in for a short following the downward trend patturn
After the pull back, going in for a short trade continuing the downward trend
Hitting a majour trend line. When two green candles form, go in hard for a buy
Following selling, estimating this will decrease at least 40 pips
- Two hits to trend line in downward patterns - Might extend TP to next support zone - Risky trade as also another trend line upward (blue), but I think yellow is stronger.... we shall see
- Unsure of trend line analysis- copied from DatTong - Strong pattern to suggest market in a bearish trend
- Upward trend beneath trend line - Wait until after market has moved past major trend line?
- 2 candles after hit to trend line - Strong downward trend
- 3 hits on trend line - 6 hours after last hit to trend line
Downward trend with 2 hits on trendline - Perhaps a late entry