Plotting a trend line on a Forex chart gives very valuable information.
Not only the trend line will show a current trend (direction) of the price move, it will also depict points of support and resistance levels for market price.
In addition, it will also help to determine good entry and exit points, best positioning for profit taking and placing protective stops.
So, shall we learn how to draw trend line to make it our good friend in profitable forex trading?
n the uptrend market trend line is drawn below the pattern formation; in the downtrend — above. (That is why when the trend is going to change our trend line will be crossed.
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