Forex Trading Using Trend Line in Weekly Chart A Case Study of GBPUSD.


In this study we adopted the following tools as method to guide our decision
1. Bollinger Band
2. 10 SMA
3. 40 SMA
The system works as follow
To determine a Trend line we connect two price peaks, Higher Low. The High shall be from Bollinger upper Band peak and Low shall be price Peak reaction upon break of 10 SMA and Bollinger Middle Band.
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