#TrendTradingStrategy
Trend trading is all about going with the flow โ literally. ๐๐ I love this strategy because it simplifies decision-making: you just follow the dominant direction of the market. The first thing I look for is confirmation of a clear uptrend or downtrend using moving averages (like the 50 EMA crossing over the 200 EMA) or price action with higher highs and higher lows.
Once a trend is confirmed, I enter on pullbacks, often using Fibonacci retracements or trendlines for entry points. I never trade against the trend โ as they say, โThe trend is your friend.โ Itโs not flashy, but it works.