#TrendTradingStrategy #TrendTradingStrategy – Follow the market trend
Trend trading consists of following the dominant direction of the market (bullish or bearish trend) to take positions in the direction of this trend, and not against it.
🔍 Key principles
Identify the trend
📊 Bullish: a series of higher highs and higher lows.
📉 Bearish: a series of lower highs and lower lows.
➖ Neutral / range: sideways market with no clear direction.
Enter a position
Entry at the breakout of a key level (resistance or support).
Confirmation by technical indicators: Moving averages, RSI, MACD.
Exit smartly
Profit target based on risk/reward ratio.
Use of trailing stop to protect gains.
Exit if trend reversal detected.