#TrendTradingStrategy

Trend Trading is a popular trading strategy aimed at profiting from the directional movement of an asset's price. The basic idea is to identify a prevailing direction (upward or downward) and enter trades in the same direction, maintaining the position until the trend shows signs of reversal.

Here is a detailed explanation of #Trend_Trading_Strategy:

1. What is a trend?

Uptrend: Characterized by a series of higher highs and higher lows.

Downtrend: Characterized by a series of lower highs and lower lows.

Sideways/Range Trading: When the price moves within a relatively narrow range, without a clear direction.

2. The basic principle:

"The trend is your friend until it bends." This saying emphasizes the importance of following the trend as long as it continues and exiting when it starts to falter.