Trend lines are probably the most common form of technical analysis in forex trading.
They are probably one of the most underutilized ones as well.
If drawn correctly, they can be as accurate as any other method.
Unfortunately, most forex traders don’t draw them correctly or try to make the line fit the market instead of the other way around.
“Support and resistance” is one of the most widely used concepts in forex trading.
Strangely enough, everyone seems to have their own idea of how you should measure support and resistance.
Let’s take a look at the basics first.