When Does a Upwards Trend Start?
Guide: Steps to Identify a Starting Upward Trend with Examples
Examples of How Do I Know When a Up Trend is Starting - When Does a Up-ward Trend Start
The trend is your friend. Is a popular phrase among traders because you as a trader never should go contra to the trend when trading xauusd. This is the most reliable technique to trade because once prices begin to head in one specific direction they can move in that specific direction for some time - therefore using this market trend strategy presents an opportunity to make profits from the market.
Principles of How Do I Draw Up-ward Trendlines
Use candlestick charts to draw trend lines
- The levels used to plot the trend line - upwards trend line are along the lows of the price bars in a bullish market. An upwards bullish trend is defined by higher highs & higher lows.
- The points used to draw the trend-lines are extremes points - the low price. These extreme price levels are crucial because a price close beyond the extreme tells traders the upward trend of xauusd might be changing. This is an exit trade signal.
- The more often an upwards trend-line is hit but not broken, the more powerful its upwards trend signal.
