Forex Trading System Collection http://www.
pipsmaker.
com
BASIC CONCEPT OF TREND
There are three kind of trend in stock,forex or index :
- Up trend
- Down trend
- Sideways
UP TREND
Basic concept of up trend is HIGHER BOTTOM , see picture below
As you can...
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Forex Trading System Collection http://www.
pipsmaker.
com
BASIC CONCEPT OF TREND
There are three kind of trend in stock,forex or index :
- Up trend
- Down trend
- Sideways
UP TREND
Basic concept of up trend is HIGHER BOTTOM , see picture below
As you can see there is a higher bottom occured so we can call this up trend
pattern.
DOWN TREND
Basic concept of down trend is LOWER TOP , see picture below
You can see there is lower top occured so we can call this down trend pattern
SIDEWAYS
Sideways or flat pattern occured when price only move in a range of band ,in other
word price is in consolidation phase , for some trader this phase has critical
situation because it can trigger the trend , in this phase you did not know where the
price will go , yes in this phase better for you just sit and watch which range has
broken , see picture below
Top
Top
Bottom
Bottom
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