How Do I Use a Downwards Trendline in Forex? - How to Use Downwards Trend Lines in Forex Technical Analysis
Downwards trend-lines in Forex Trading are used to illustrate the resistance or support zones of price as the price moves downwards as explained on the examples below:
Support Levels and Resistance Levels when Downwards Trend Lines
Downwards Trend Line Series of Support Areas and Resistance Levels - How Do You Use a Trendline in Forex Trend Trading
Minor support and resistance levels of the forex price trend will quickly form a series of support levels and resistance levels in the short term and quickly move past these support and resistance levels in a downward trend direction as shown on the trend-line example below.
Downward Trend-Line: The downward trend line setup of this minor support and resistance zones will form a sequence of areas whose general trend-line direction is downwards.
Downward Trend Line Series of Support and Resistance Levels - How Do You Use a Trend Line in Forex Trading?