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USD / CAD Chart
Wednesday, November 15th, 200615 Minutes USD/CAD Real Time Forex Chart
1 Hour USD/CAD Real Time Forex Chart
Daily GBP/USD Real Time Forex Chart
Trends Terms:
30 Minutes Trend Line Tips
Monday, November 6th, 2006Last month on October i’ve wrote simple article include video drawing with trend line.
And now i would like to implement the trend line with 30 minutes chart on USD/CAD pair.
The first step to trend line construction, and most important, is the selection of the two points to create the trend line . With trend line diagonal, find the highest price that was in 1.1364,
look at the figure 1st poin was in 1.136 and 2nd poin in 1.1364. To find the 1st poin, you need to take a horizontal line and mark the point where the vertical line coming from the highest high recorded above the trend line intersect with the trend line.
Note the two values listed on the chart. In the next step i take the difference between the highest high recorded above the demand line and the point where the demand line is intersected by the vertical line.
Trends Terms:
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