Forex Market Analysis Using Trend

One way to look for profit opportunities in forex trading is to detect price trends. In the world of trading, a trend is a representation of market strength. Traders must be friends with the trend, if traders are against it it means declaring hostility to the market.

To get maximum results, traders must be able to identify an ongoing trend. Without a good understanding of trends, it is certain that traders will have difficulty determining market entry positions. Unfortunately, trends are volatile and dynamic, so from time to time trends will continue to change.

Uptrend or bullish conditions, where prices move up, can be an opportunity to open long positions. Meanwhile, opportunities to open short positions can be looked for during a downtrend or bearish, that is, when the price has decreased. However, knowing the uptrend or downtrend is not enough. Often the trend that appears is not strong enough and suddenly reverses direction again. In fact, sideways often occur, which is a condition when the price fluctuates up and down without any signs that the price will strengthen in one direction. For this reason, it is important for traders to be able to detect the strength of the trend.

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