Different Types of Trend Lines
The trend line is one of the most important terms used in the Technical analysis of Forex trading. There are three types of trends as given below:
Uptrend (Bullish Trend)Downtrend (Bearish Trend)Sideways Trend (Flat and horizontal Trend)
Uptrend (Bullish Trend)
It shows the price reaches the higher highs and the higher lows when the price is moving up.
Downtrend (Bearish Trend)
It shows the price reaches the lower lows and the lower highs when the price is moving down. It will represent the clear resistance line, connecting at least the two high levels with the limiting upsides.
Sideways (Flat, Horizontal Trend)
It will indicate the price action between the range in a sideways trend. Sideways Trend shows the reversal pattern and the continuation pattern.