Any good suggestion on using trend line?
Smiley Richy
Several ways you can use them
Let it guide the direction you look for trades.
You can look for bounces off the trendline
Typically you will get 3 - 4 bounces off a trendline (1 hour / 4 hour timeframe)
I tend not to rely on the lower timeframe trendlines they tend not to be that reliable.
and then breaks of the same line.
N
Trading trendlines in multiple time frames is a good way to use them. Look for bounces and larger time frames say daily then go to a lower time frame and trade counter trendline breaks at that same level. I find that to be very effective.
Can you or rather, is it a good idea to combine trendlines and Fibonacci?
Yes the two can be used together, but you don’t necessarily need the fibs. Some trades confluence/convergence of trendlines and fibs along with reversal candle patterns…
More new terms, confluence/convergence, I can gather what convergence is, but confluence?
Basically the same thing, where the two meets.