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New to ForexThe Basis of Technical Analysis
First Steps: Step 4 of 7
Technical analysis focuses on trend analysis and explains how basic trend-following techniques are used.
Flip through the individual charts:
Chart 10: Trend Channels
If prices move between two parallels within a trend, it is called a trend channel.
The lower trend line is used for setting long positions and the upper trend line can be used to set temporary short positions.
