Trend trading is one of the best and safest strategies you can use.
Of course, it is important to know how to draw the trend correctly and when to enter a deal!
With EURAUD on the M30 we have a break of the downtrend. The price then forms a higher bottom, testing the already broken trendline. If we now see an increase and transition above 1.6661, it will mean that the trend is reversed and we already have an uptrend.
And what should we do in an uptrend - to buy.
All buy trades at the moment or before the break of the previous peak are hasty and are likely not to be confirmed. If we see values below 1.6550, then the down movement continues!
To support us, like and comment!
Of course, it is important to know how to draw the trend correctly and when to enter a deal!
With EURAUD on the M30 we have a break of the downtrend. The price then forms a higher bottom, testing the already broken trendline. If we now see an increase and transition above 1.6661, it will mean that the trend is reversed and we already have an uptrend.
And what should we do in an uptrend - to buy.
All buy trades at the moment or before the break of the previous peak are hasty and are likely not to be confirmed. If we see values below 1.6550, then the down movement continues!
To support us, like and comment!
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❓ If you got questions: t.me/Semkov
💰 PAID SIGNALS AND ANALYSIS: t.me/Semkov
💡 If you want to know on what basis we make our entries, get in here: t.me/trendlinefreetrade
