“Unlock the Secrets of Forex: Simple Technical Analysis Tips to Transform Your Trading Game!”
A downward trend, also known as a bearish trend, is characterized by a series of lower highs and lower lows, indicating that the price is generally moving lower.
A sideways trend, also known as a consolidating trend, is characterized by a lack of clear direction, with the price moving in a narrow range without making significant advances or declines.
Forex traders use trends to make predictions about potential price movements and to inform their buy or sell decisions. For example, if a currency pair is in an upward trend, traders may enter a long position in anticipation of the price continuing to rise. Conversely, if a currency pair is in a downward trend, traders may enter a short position in anticipation of the price continuing to fall.
