You’re sitting at your desk observing the direction of where price is going when you realize you have no idea of knowing if price is in a downtrend or an uptrend.
Have you been there before? Are you there now?
If so, no worries. I have the answer to help you overcome the confusion.
Why does currency pairs trend?
Price trends to give you the chance to participate in.
Have you ever wanted to enter a trade but could not because the price keeps going up or down and it looks like the price is not pulling back?
Here is an example:
|| Related: How To Identify A Trade Before It Happens
When price is trending upward we call that an uptrend. This basically means that the price on your price chart is moving in an upward direction.
In order for you to be able to place a trade while the price is moving up, it must pull back before continuing it’s movement upward.
The most important thing to remember about the uptrend is you want to be the buyer and not the seller.
When price is trending downward we call that a downtrend. This basically means that the price on your price chart is moving in a downward direction.
In order for you to be able to place a trade while the price is moving down, it must pull back before continuing it’s movement downward.
The most important thing to remember about the downtrend is you want to be the seller and not the buyer.
Let’s Take A Look: The Learning Video
So, now you may be asking, well Shaquan, what's the best way to know how and why price is trending?
I’m glad you asked. I’m answering this question for you in 4 parts.
Part 1: Secrets to identify uptrend and downtrend
Part 2: How to spot the difference between reversals and retracements
Part 3: The 3 trend cycles and how to trade them
Part 4: Trend Trading or Counter Trend Trading- Which one is best?
Ya girl created a free video series for you and I’m giving you part 1 today. The video is below for you to view:
Thank you for being here and furthering your knowledge with me here at SLFX Trading.
More Help For You!!!
How To Build A Profitable Forex Strategy masterclass: https://calendly.com/slfx/how-to-create-your-profitable-forex-strategy
Forex Beginner Basics Course: https://slfxtrading.thinkific.com/courses/forex-basics-market-structure-beginner-course
3 Weeks To Easy Profits Live Classes: https://calendly.com/slfx/3-weeks-to-profit-group-session