Forex Trendy is a much more sophisticated application capable of recognizing the most reliable continuation chart patterns. It scans through all the charts, on all time frames and analyzes every potential breakout. After considering the reliability of the pattern it tells you something like this:
And you see the chart with the trend lines forming the triangle and the breakout point – all that clearly drawn for you. The trend line looks solid with many touching points, so you are prepared for the massive breakout. Something you would miss unless you have supernatural powers to watch and analyze all the charts! Such events happen very rarely in one single chart. It’s not just drawing trendlines, but it’s actually looking for reliable patterns formed by strong trendlines having more than two touching points at a certain distance.
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Forex Trendy is a software solution to avoid trading during uncertain market periods. Instead, pick the best trending pair at the current time.
It uses no indicators, but the trend is determined by pure price action.