Trend line:
It is line drawn from at least two higher high or lower low.
But three will be best
Can be drawn high to low also.
It acts as dynamic line of support and resistance for trading.
Price alsways respects this type of line.
look at the picture below
So by using these Indicators we can differentiate breakout from fake out or false break out.
It is line drawn from at least two higher high or lower low.
But three will be best
Can be drawn high to low also.
It acts as dynamic line of support and resistance for trading.
Price alsways respects this type of line.
 |
| Look at this picture , MACD momentum also small, with corresponding spinning tops formation, So price will go down finally gone also. |
look at the picture below
 |
| look at the picture price is touching 200 MA and reversing at that moment RSi is overbought. So price will go down. |
 |
| look at the picture, Here trend is drawn and it is down, I added Fibbos fan price is touching 50% and retraching back to down, As all prices are withinon channel so it may be corrective wave in larger time frame. Stochastic is also oversold, so the price will retrace and go down. |
 | |
|
 |
| Look at the picture below trend line is drawn and trend is down. the future price will follow trend line and go down. Also look at RSI is overbought. I have drawn the trend line and expect future price will be 1.3030 and then will go down. |
Indicators used here
- BB
- Fibbos fan
- Trend line( HH,LL)
- Stochastic( oversold/overbought0
- RSI(oversold/Overbought)
- MACD
Steps to avoid fake out.
Step 1 , draw trend line
Step 2 See Stochastic/RSI oversold/overbought position
Step 3 MACD to see small or large momentum
Finally Add BB to see sign of reversal
Its all practice which make you a better trader.
Always use SL
World Best Forex Signals And Forex Trade Copier Service Provider is HotForexSignal.
ReplyDeleteAdvantage of HotForexSignal .
The Hot Forex Signal are a proved forex trading signals providers and we honestly provides you forex signals since long time ago with very satisfactory accuracy rate and help you to build up a large amount of profit through following our forex signals. Hot Forex Signal 100% honestly,100% challengeing signals provider. You already know that these signals will not only help you to make a large amount of profit but also can help you to make you strong in your knowledge level with high accuracy. The Hot Forex Signal will provide you most intuitive and very easy to use forex trading signals than other signals providers. Anyone must get an outstanding result from these signals with imaging efficiency that is only possible in your dream because we have a large amount of efficiency and a lot of forex traders. All signals need to put manually to your forex trading software or platform by automated forex trading. It will directly and clearly indicate you what decision and which position buy or sell you will put your data in you Forex trading platform. Though we know clearly about the forex signals, now we will highlight again about this to clear your knowledge accurate and effective through Forex Signals and making of The Hot free Forex Signal service. The Hot forex signal will provide you the suggestion to entry any trade to put in your trading platform on an accurate currency pair with actual time and price. All information is created by the robot or the forex trading specialists. But the hot forex signal follows the best trader’s advice to provide you signal. Not scam robots are followed by the Hot Forex signals.