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* **Example 1: Identifying an Uptrend on EUR/USD**: Look at a daily chart of EUR/USD. Notice how the price is consistently making higher highs and higher lows. This confirms an uptrend. Also, use the moving averages to confirm the trend, with the shorter-term moving average above the longer-term moving average. Use the price action. You can identify the trend and use the support and resistance levels to determine the trend. Finally, the volume should also confirm the uptrend. This is going to help you decide when to enter or exit your trade.
