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Forex
Trendline Strategy in Forex Trading
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[QUOTE="selena1, post: 309786, member: 97995"] It's also important to note that trendlines can be used to identify potential areas of price reversal or continuation. If a trendline is broken, it could signal a potential reversal in the trend or a breakout to the upside or downside, depending on the direction of the break. Another technique that can be used with trendlines is to draw parallel lines, known as channels, to further identify potential areas of support and resistance. These channels can be used to determine potential entry and exit points in a trade. Overall, trendlines are a valuable tool in forex trading that can help traders identify potential areas of support and resistance, as well as potential areas of price reversal or continuation. When used correctly, they can assist in making informed trading decisions and managing risk. [/QUOTE]
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