Trying to determine if this is an uptrend - help appreciated!

Hello guys,

I am trying to see whether this is an uptrend for the USDCHF part. If it is, I will wait till the price falls near the level circled in black. The chart is in the attachment.

Thank you for your help!

Wllen1

Welcome to the trading world!

There are uptrends inside downtrends and vice-versa.
Everything is relative.
Zoom in and zoom out, what is the trend? This is not the right question.

An up trend is when you have higher highs and higher lows.

HH = Higher high
HL = Higher low
LL = Lower low
LH = Lower high

Here is your chart marked up

Looking from one perspective is clearly down trend....and from another perspective it is uptrend....

Trader must position herself/himself correctly to get right conclusion about trend...

Astute traders rotate monitor as per their need for trend.

Hi Wllen,

You show us a chart but you do not give us any insight in the time frame. Maybe you are showing us a 1 minute chart and you ask for us to advice you if it is an uptrend. You understand my point. What time frame trend would you like to see. What is your entry strategy, maybe enter on a shorter term demand level within a longer term uptrend.

So can tell you much. To me it is still an uptrend although almost broken at the circled point. Would I trade it? No, my trading plan would not allow me.

Hello,
This is a weekly chart. Sorry I forgot to put that one down.

Determining trend direction must be done on each individual time frame. Switching between time frames is what confuses many. On any given time frame an uptrend is defined as higher highs and higher lows. A down trend is defined as lower lows and lower highs. Nothing is perfect and neither is the definition I provided and that many traders use.

Trend lines can confuse and frustrate as one tries to connect higher lows in an uptrend and lower highs in a down trend with a straight line.

As humans we try to contain and categorize to gain better understanding. While trends are important they are only one piece of the puzzle and shouldn't be used rigidly in a trading plan.

I have merged two charts. This is I can see. A strong resistance here.

It doesn't matter how anybody else defines it, it's how to trade it.

The best definition of a trend, in my opinion, is to choose two different time frames. For example, if I like to enter a trade on the H1 chart, I want to be trading in the same direction as the daily at any given moment in time.

If I want to, I can define the daily trend as the price being above the 200dma and the 200 dma is sloping upwards, for example. Then, I might only want to enter long on the H1 chart.

It doesn't matter how I define it, it's how I trade it. If I trade like this, in the direction of a trend which I have defined, I will win my trades more than I lose. If I close my winning trades too early, or don't close losing trades early, then I will lose more trades than I win.