Lesson 6 of 6
In Progress

Task: analysing the prevailing trend (15)

Phillip Konchar

Now it’s your turn. At this point in the course we have set a task to reinforce what we’ve shown you. This task will require you to use your broker’s charting package to carry out the exercise.

Goal: To identify the prevailing trend.

Exercise: On a chart of any security, using what you’ve just been taught find a 1Hour price action that is correcting against the overall prevailing trend in 4Hourly and End of Day timeframes. (1H falling and 4H/Eod uptrending or 1H rising and 4H/EoD downtrending)

Difficulty: 3/3

Time to complete: 15 minutes

Solution….don’t press play until you’ve done your bit:

 

Request a Free Broker Consultation

Simply answer a few questions about your trading preferences and one of Forest Park FX’s expert brokerage advisers will get in touch to discuss your options.

[formidable id=5]

Information you provide via this form will be shared with Forest Park FX only as per our Privacy Policy.