Identifying the trend is really important while trading in the market .Without Identification of trend it is really confusing what we wanted...
Identifying the trend is really important while trading in the market .Without Identification of trend it is really confusing what we wanted to trade.It is almost like gambling if we are not sure about the trades direction.There are tremendous way to identify the trend but the point is what suitable us or the is we know about it or not how-to-identify-trend-of-trading-for better-Profit-in-forex-stocks-and-any-market,I will be explaining one of the strategy for it and it will make you predict the better side of the trade.rather going in the false direction.
Lets have look on the chart ,will be explaining visually .
In the left side chart we can see I have drawn a rectangles ,where we have see prices rising and I named it as a demand area.rest on upper side I have marked Supply region where bulls were loosing there grip and bears are trying take control .So the point is how to understand and how we can take an opportunity with this .
lets how i see it .
So the current arrow is pointing downside so I will say either of the following observations
Lets have look on the chart ,will be explaining visually .
In the left side chart we can see I have drawn a rectangles ,where we have see prices rising and I named it as a demand area.rest on upper side I have marked Supply region where bulls were loosing there grip and bears are trying take control .So the point is how to understand and how we can take an opportunity with this .lets how i see it .
So the current arrow is pointing downside so I will say either of the following observations
- The Prices are in the profit booking area or,
- The Prices are consolidating or,
- The Prices are waiting for the clues for the next continuation or,
- The Prices retraced in the last demand area and rise from there then hits supply and tried falling back
So,in 5 th point if prices wanted to get back then we may see volatility , there is article on BizAsis you may check Which Indicator tells us, from where the market is expected to test a volatility in a Current Session,By using this trick and Indicator you may be able to guess if the prices are trying to break consolidation or not .
So This is the practicable and one should observe it before incorporating it .
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