Lesson #20 Forex Trend Lines: A Technical Analysis Method

At present the general the method of technical analysis used are Trend lines. Almost certainly the Trend lines are mainly underutilized methods of technical analysis.

This method is possibly as precise as any other methods if it is illustrated properly. Regrettably a good number of traders do not illustrate the line properly. Instead they illustrate it to suit the market and not the other way around.

In fundamental figures, by the bottom side of easily recognizable support areas called valleys the uptrend line is drawn. And by the top side of easily recognizable resistance areas called peaks the downtrend line is drawn.