#TrendTradingStrategy
Hashtag #TrendTradingStrategy means "Trading Strategy with the Trend".
✴️ Simplified Explanation:
🔹 Main Idea:
Enter the trade in the direction of the trend (upward or downward) and stay in it as long as the trend continues.
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✅ How It Works:
1. 🔍 Identify the Overall Trend:
If prices are rising → Uptrend → Buying Opportunity.
If prices are falling → Downtrend → Selling Opportunity.
2. 📈 Use Indicators to Confirm the Trend:
Moving Averages like MA50 and MA200.
Trend Indicator (ADX) or Trendlines.
3. 💼 Enter the Trade in the Direction of the Trend After a Minor Correction:
Wait for the price to correct (drop slightly in an uptrend or rise slightly in a downtrend), then enter.
4. 🛑 Set a Stop Loss at the Trend Break Point.
5. 🎯 Target Profits as the Trend Continues.
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🟢 Example:
If a currency is steadily rising, corrects slightly, and then starts rising again → Enter Buy.
If it is steadily falling and makes slight corrections then falls further → Enter Sell.
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