Trendline
Trendline is divided into 3 types.
1. Trendline SnR
- Trendline Support
- Trendline Resistance
2. SbR trendline
- Trendline Support becomes Resistance
3. Trendline RbS
- Trendline Resistance becomes Support
To identify trends and zone entry. Trendline is divided into 2 types.
a) Major Trendline
- Pulled on Big TF to see trends. Ex
i. M30 for scalping
i. D1 for intraday
iii. MN for swing
b) Minor Trendline
- Pulled on the TF used to find the entry. Ex
i. M1, M5 and M15 for scalping
i. H1 and H4 for intraday
iii. D1 and Weekly for Swing
There are 2 ways to draw a trendline.
1. Body to Body
- This way, high risk and floating will be more.
2. Shadow to Shadow
- This way is low risk and floating will be less.
# Valid for all pairs
Hopefully useful for you
#TRENDLINe #sbr #scalping #trendlinesupport #trendlineresistance
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