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Uptrend

What Are The Different Types of Trends? Trend trading strategies play a vital role in every trader’s life because it helps them identify early trades to exit from the market when there is a reverse trend. Typically, there are three different types of trends given below: 1. Uptrend 2. Downtrend 3. Sideways trend Uptrend An uptrend is formed when a price is rising in value. Usually, a bullish trend has a very common structure. The price keeps setting new higher highs, simultaneously setting new higher lows. Downtrend A trader can see a downtrend when the price is falling in value. Usually, a bearish trend has a very common structure. The price keeps setting new lower lows, simultaneously setting new lower highs. Sideways trend The sideways trend is formed when the market remains static, i.e., the price neither sets new lows or new highs. Trend identification is the essential part of any trading strategy. Learn to identify the market trend with objective and reliable rules. ✅LIKE AND COMMENT MY IDEAS✅ Please, like this post and subscribe to our tradingview page!👍
OANDA:BTCUSDEducation
by EliteTradingSignals
4
Strong Up Trend of XAUUSD in monthly timeframeIn 1M timeframe,the price bar is still above Fast Trendline (blue line), it means that the trend is still strong. Gold made strong resistant zone at 2070 price level. The price made a pin bar in Mar 2022 with high strong volume but reversed. The volume is now low, under MA20. In my opinion, there are two scripts: - (1) Price will break the 2070 resistant zone. After that, price will come back and retest the resistant zone. - (2) Price will touch resistant zone and reverse. Price won't break Slow Line (The thick green line), and come back and break the resistant zone. We need to wait the bar close in May and June to confirm trend. I prefer first script, because the up trend is still strong.
OANDA:XAUUSDLong
by marketreaderz