Like horizontal support and resistance levels, trend lines become stronger the more times they work from home blog writing jobs for beginners are tested. Switch your chart to the Line chart. Now you'll discover that a few spikes through the S/R levels is not an indication of a broken S/R level, but rather a test. #12 Auto trendline MT4 indicators Indicators for automated drawing of trend lines.
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Same rule applies to trend lines. First you need to draw a regular trend line, and then copy it to create a parallel symmetrical line on the other side of algorithmic trading videos cryptocurrency the price channel. Imagine that you have a marker instead of a sharp pencil, and with this marker you're drawing S/R levels. When the market starts to accelerate, the angle of a trend will increase. A trend line is nothing else but support/resistance line. While some Forex traders prefer drawing trend lines using price shadows, the others would ignore the shadows, and instead use only candlestick bodies (line chart example). The goal is to have the same trend lines as majority would do - this helps to trade with the majority, which is much easier.