- by AKDSEO34
- 1 month ago
Understanding the Timeframe and Trend Direction : There are students asking in the Instant FX Gains chat room about the current trend for a particular currency pair. Instead, I answered with another question, “According to the last 5 minutes, 5 hours, 5 days or 5 weeks?” Some traders may not realize that different trends exist in different time frames.
The question of what kind of trend exists cannot be separated from the time frame in which a trend is located. After all, trends are used to determine the relative direction of prices in the market over different time periods.
There are three types of trends when it comes to measuring time:
1. Primary (long term),
2. Medium (medium term) and
3. Short term.
This is discussed in more detail below.
1. Primary trends Primary trends last the longest, and their lifespan can range from eight months to two years. These …Read More