Forex : Technical Analysis : Draw Uptrend or downtrend

Forex can view in OHLC bar, Candle stick & line.

OHLC :

Candle Stick:

Line:

I normally using OHLC, this type give more data & useful in my analysis.

Trendline:

The first to understand in chart is to know how to identify a currency is at up trend or down trend. Remember one of the secret is do not trade against trend. So, a correct must establish.

• up trend: by connect the lower troughs, identify at least 3 touches.

• down trend : Connect the upper peaks. Identify at least 3 touches.

Always remember never never trade against the TREND..

When a chart do not show any trend, it means buyer & seller are equal..DO NOT TRADE at such trend!!