Know about three trends in Forex and Binary trading.
As a trader in Forex, Binary or sharemarket you should know which trend now the market is trending to.If you know that then then you are playing safe-game in the high-risk trading business.
In currency trading or Binn trading forex brokers normally use some common word on trading floor, fx forum or in forex blog.
While they talk trends brokers, traders or investors use these three trend and these three are called major trend in the trading methods.
That three trends are called in the name listed below:
In currency trading or Binn trading forex brokers normally use some common word on trading floor, fx forum or in forex blog.
While they talk trends brokers, traders or investors use these three trend and these three are called major trend in the trading methods.
That three trends are called in the name listed below:
- Up Trend
- Down Trend
- Side wave trend
Up Trend: Uptrend trading example
The word format itself says market is moving towards Up direction, so traders says market is moving in Up trend. Fore example EURO/USD traded last heigh at 1.4100 then the new ice breaking this high and creating new price for example 1.4150 and fail to fall below the lower value.
In the below picture i attached eur/usd up trend example, in the picture i used two trend line.
First line touches the new low price which has not broken the before low price.
The second trend line which i draw on the top of the new high , which is creating new high on up trend.
If you treading forex, sharemarket or binary you should fix these two angle line in the chart , then you can initiate the trading with in these two channel.
If you treading forex, sharemarket or binary you should fix these two angle line in the chart , then you can initiate the trading with in these two channel.
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| Up Trend Market |
Down Trend:
Down trend is nothing but oppsite to up trend , here also the same two angle line should be in your chart and these two anglw will guide where to enter and where to exit , if you follow the market with these two angle you will be in more safe.
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| Down trend |
Side wave Trend:
This side wave market normaly happen when market completed the long up trend or down trend. In this time market will give chance for traders to take decesion to close the trade or to plane for new trade.
In this side wave trend normally we can get Double tops, tripple tops or Double, tripple bottoms. Thsese new tops and bottoms intimate there is no strenght in the maeket to move further.
In this side wave trend normally we can get Double tops, tripple tops or Double, tripple bottoms. Thsese new tops and bottoms intimate there is no strenght in the maeket to move further.
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| Side Wave market |
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