How to measure the trend with the week timeframe The
reason why the weekly timeframe is the best frame for forex trading is that forex historical data shows that when the price is higher than it was several months ago, it is more likely to rise than to decline, and vice versa when it is The price is lower than it was several months ago. Therefore, if you use the weekly chart, an easy skill that you can do to create the best trend indicator is to count back 13 and 26 weeks of the current weekly candle. Is the price now higher than it was at these times?If so, then you have a long-term bullish trend. If it is below them, you have a long-term downtrend. If the results are mixed, you have no direction. Forget about all the fancy Forex indicators, this method is simple and effective.
reason why the weekly timeframe is the best frame for forex trading is that forex historical data shows that when the price is higher than it was several months ago, it is more likely to rise than to decline, and vice versa when it is The price is lower than it was several months ago. Therefore, if you use the weekly chart, an easy skill that you can do to create the best trend indicator is to count back 13 and 26 weeks of the current weekly candle. Is the price now higher than it was at these times?If so, then you have a long-term bullish trend. If it is below them, you have a long-term downtrend. If the results are mixed, you have no direction. Forget about all the fancy Forex indicators, this method is simple and effective.
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