How long does a trend have to be a trend for it to be a trend ?
For example,
The EUR/USD has been trending down since 11th/ 12th. But it has been trending up since almost 8th or before that.
So what would you consider its trend in general (if you did not take into account other indicators, which by the way, are indicating a down trend on hour chart)
Everything under H4 I consider as a noise. For I to establish if the price is trending or ranging I am using longer time frames and using shorter time frames for entry points.
For your question above,
In My opinion, No one knows how long the trend will form.
There are different trend in different time frame. there is 1HR trend, There is 4HR trend. it really depend in which time frame you are playing.
in Uptrend . the chart must show Higher High an Higher Low
in Downtrend. the chart must show Lower Low and Higer Low.
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