hours and use those hourly price swing for for my trade entries as well as managing my trade. Now, the problems is not all swing trading strategies and techniques would allow a swing trader to get in right at these peaks or troughs for price swings: some swing trading strategies can can allow you to enter trades exactly on the peaks or bottoms. In an up-trend, the trade is entered on a break above the upper flag or pennant line. The support staff do their utmost to answer all questions and providing supporting visual jforex manual material to further explain any area that might remain unclear.
The lines slope counter to the direction of the trend. When does a trend end or how do you know a trend has just ended? Pennants are really short-term triangles. For pennants, place a stop-loss just outside the trendline, in line (vertically) with the point of entry, on the opposite side to the expected breakout. A larger pennant forms straddling the resistance line - another strong bullish signal. When price is consistently moving up, forming Higher Highs and Higher Lows, this is called an uptrend.
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