This video explain very well how to calculate pips on Gold using tradingview and other tools. #daytrader #daytrading #forex #forextrader ##riskmanagement #walextrade #tradingstrategy #tradingview #pips #xauusdforcast
A minimum of two peaks or troughs is required to draw a trend line.
The validity of a trend line relies on at least three highs or lows used. The more times the price touches a trend line, the more it becomes valid as more traders use them as support or resistance.
Using the wicks or bodies of the candles
When drawing a trend line, most traders prefer wicks, and some prefer the bodies of the candlestick, which is acceptable. #forex #tradingview #trendline #forexsignals #forexmarket #beginners
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