Traditional Culture Encyclopedia - Traditional festivals - How to treat the trend line of foreign exchange market?
How to treat the trend line of foreign exchange market?
In actual foreign exchange transactions, there are two main points in the foreign exchange trend line.
First, if it is an upward trend, the market price has exceeded the previous price, but failed to continue to rise, and then fell to the previous height, and the market trend may be reversed.
Second, if it is a downward trend, the foreign exchange price in the trend line breaks through the previous low point, but it cannot continue to fall, and then rises to the previous low point, and the market trend may reverse.
The judgment method of foreign exchange trend varies from person to person. But the general trend of foreign exchange is consistent with the general direction. At the same time, a good trading plan is the key to ensure that traders follow the trend line analysis and place orders smoothly.
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