Using Line Chart Forex Trading
However, a line chart should not be used by itself, as it does not provide enough price information and other complementing oscillators must be added. also, trading strategies are very hard to be backtested by using a simple line chart. line chart trading strategy support and resistance 1-min scalping. It’s weird how clearly chart formations, patterns, highs and lows, and even the direction of a chart, can be much easier read on a line chart at least for me. since then, i always have a line chart open whenever i trade candlestick charts, and i have even developed a strategy based solely on line charts, which is performing nicely for me. In the weekly chart, the uptrend line in eur/aud chart is intact. so, i am expecting a rapid rise in eur/aud very soon. since the analysis is based on the weekly chart, we need to manage our entries carefully. i am looking to put buy trades between 1. 61 to 1. 63 with first target at 1. 70 and sl below the uptrend line. Spotting chart using line chart f...