Category

Trend following
Check our post how to draw HH, HL, LL, LH and then compare with trend line. You will get very good trend presentation. For confirmation also add MA 21 and EMA 8 indicators and check if the ema’s crossed. Check the example above to see the 3000 Pips trend move.
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Price on a given time frame is in an uptrend if it is making higher highs (HH) and higher lows (HL) and in a downtrend, if it is making lower highs (LH) and lower lows (LL). If the price is doing anything else, it is in a consolidation pattern – range, triangle, pennant, rectangle etc....
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