HELALINK
📈 Forex Trading Academy
Master the art of forex trading with professional lessons on candlestick patterns and proven strategies
Trend Analysis in Forex
Understanding trends is crucial for forex success. The famous saying "the trend is your friend" highlights the importance of trading with the prevailing market direction.
Types of Trends
📈 Uptrend
Series of higher highs and higher lows
📉 Downtrend
Series of lower highs and lower lows
➡️ Sideways Trend
Price moves within a horizontal range
Trend Analysis Tools
- Trend Lines: Connect swing highs or lows
- Moving Averages: Smooth out price action
- ADX Indicator: Measures trend strength
- Higher Time Frame Analysis: Confirm trend direction
Trend Trading Strategies
Trend Following
Enter trades in the direction of the established trend
Pullback Trading
Wait for temporary retracements to enter at better prices