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a trend is when prices move in a zigzag fashion but still follow an imaginary path or a trend in one direction. Trend lines connect significant lows in an uptrend and they connect significant highs in a downtrend, creating dynamic resistance.
trend lines are probably the most common form of technical analysis in forex trading. They are probably one of the most underutilized ones as well. If drawn correctly, they can be as accurate as any other method. Unfortunately, most forex traders dont draw them correctly or try to make the line fit the market instead of the other way around.
The identifiable resistance points are also called peaks in forex trade. The downtrend line is also referred to as descending trend line. Sideways trend sideways trend is also called ranging trend. Draw trend lines now you just need to locate two main top points or two major bottoms and join them.
A trend line can be drawn on a chart between two or more price pivotturning points. Trend lines are commonly used to judge entry and exit points when trading. Trend lines are probably the most common form of technical analysis in forex trading. They are probably one of the most underutilized ones as well.
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Even with all the theology I possess, I still have times in the valleys like everyone else. No one is exempt from valleys. The apostle Paul had them too. Spurgeon suffered from crippling spiritual depression and so did Calvin…I mean great men of faith dealt with severe valleys in their lives. Internal struggles. I have always known and believed that salvation is by faith alone. But somehow, without even knowing it, I always measured my salvation according to what I am currently doing or not doing for God. Let me explain. If my prayer life is improving then God is happy with me. If I am being “nicer” to people, “holier” or whatever the case may be THEN God is happy with me. Needles to say when my prayer life was nearly non-existent and I was less than “nice” God was furious with me, He had abandoned me, I was not saved and I am going to hell. Yep. That will plummet any good christian into deep despair. You would of thought I knew better!