How to Identify a Trend in Forex: Uptrend, Downtrend and Range
Before you trade, you must know what the market is doing. Learn how to identify an uptrend, a downtrend and a range from highs and lows, and how to trade with the trend.
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Before you trade, you must know what the market is doing. Learn how to identify an uptrend, a downtrend and a range from highs and lows, and how to trade with the trend.
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Swing highs and swing lows are the turning points that define trend and market structure. Learn four rules for marking them consistently and how they label an uptrend or downtrend.
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A trend line connects swing lows in an uptrend or swing highs in a downtrend. Learn the drawing rules, how to add a channel, and how to plan a trade when a trend line breaks.
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A double top warns that an uptrend may be ending, and a double bottom warns that a downtrend may be ending. Learn how to identify each pattern, confirm it with the neckline and plan a trade.
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The Fibonacci pullback strategy buys a dip in an uptrend near the 50%-61.8% retracement. Learn how to draw the levels, what each one means and a worked trade with a stop and extension target.
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