Forex trading
TRENDLINE Break
out
Fake out
Contents:
How Forex market moves
What is trend
What is trend
line
Characters of
trend line
How to draw
trend line
Trend line
break
Types of
trend line break
What is true
break out and what is fake out/False breakout
How to
identify breakout from fake out
How to
measure breakout strength
How forex
market moves?
Forex market
moves continuously , it is due to imbalance between supply and demand, When
more pressure on demand price increases and when more supply than demand price
decrease. The upward movement is uptrend and downward movement is down trend.
Market takes a pause before next movement it is termed as consolidation phase.
So market
moves uptrend à
consolidation-à uptrend -àconsolidation--àUptrend--àReverse trend-à downtrend--à consolidation-à downtrend continue----à reverse trend---à up
Fig:
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