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Trendlines are so subjective! It’s just a line, which can be drawn at so many different angles by each different trader. My suggestion to correct that is this: Use the parallel tool instead! It will give you an area instead, a TrendArea! 😛 This way, you can cover more space, take wicks into account and avoid fakeouts! It can also give you better stoploss and rate your own entry based on 3 stages if entry was either on upper, middle or lower line of the parallel channel 🙂
And secondly, make use of the Regression tool as well as it’ll draw you an automatic trending channel, just make sure to extend it 🙂
And secondly, make use of the Regression tool as well as it’ll draw you an automatic trending channel, just make sure to extend it 🙂
#forex #trendline #trendlinestrategy #howtotradeforex #tradingtips #technicalanalysis
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