#TrendTradingStrategy 📈 What is Trend Trading?
Trend Trading is a strategy where traders enter positions in the direction of the prevailing market trend—either bullish (uptrend) or bearish (downtrend)—and hold until signs of reversal or exhaustion appear.
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🔑 Core Components of a Trend Trading Strategy
1. Identifying the Trend
Tools used:
Moving Averages (e.g., 50 EMA, 200 EMA)
Trendlines
ADX (Average Directional Index)
Price Action (higher highs & higher lows = uptrend; lower highs & lower lows = downtrend)
2. Entry Signals
Buy: When price pulls back to support in an uptrend (e.g., 50 EMA bounce)
Sell: When price rallies to resistance in a downtrend
Breakout Entries: Entering when price breaks above recent highs or below recent lows
3. Stop-Loss Placement
Below recent swing low in an uptrend
Above recent swing high in a downtrend
4. Take-Profit Targets
Use Fibonacci extension levels (e.g., 1.618)
Trailing stops based on ATR (Average True Range)
Trendline targets or previous major highs/lows
I am not your financial advisor