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Príspevky od forex_trader_3843283
how can we know trend direction ?
v
Skúsení obchodníci
Oct 23, 2024 at 17:46
This is great 👍 But the market is a complex place, with contradictory presentations. I think the best thing to do in knowing the trend direction is to use EMA.As you said, let's say the entry timeframe is 5minute for precision, the higher timeframe trend should be the dictator. Plot, for example, 20 and 50 EMA on 1hour timeframe, if the price is below both the EMA, that is downtrend and vice versa for uptrend. Though the lower timeframe might not correlate with it, that's why you need to wait for BOS or reversal Chart pattern...The market is complex on its own, so it won't do us g...
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