Further to the previous post on support & resistance, trendlines

Further to the previous post on support & resistance, trendlines

Further to the previous post on support & resistance, trendlines act as a diagonal support & resistance. This allows traders to see levels when the price is going up or down & allows them to predict where a future support/resistance level may be based on the trendline. Unfortunately, most forex traders don't draw them correctly or try to make the line fit the market instead of the other way around. To draw forex trend lines properly, all you have to do is locate two major tops or bottoms and connect them. It takes at least two tops or bottoms to draw a valid trend line but it takes THREE to confirm a trend line. The STEEPER the trend line you draw, the less reliable it is going to be and the more likely it will break. Like horizontal support and resistance levels, trend lines become stronger the more times they are tested.

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