|Welcome to currency trading with Profiforex!
Gunn's grid completely consists of Gunn's Lines.
|A Gann line is another type of trendline. These are the tools most often used for trend analysis in the Forex market.
When the price crosses any of these lines,
|it can generate an additional impulse for further movement.|
Let's look at the chart.
As we can see, while the prices are above the ascending line the market is bullish.
|If prices hold below the descending line, the market is bearish.|
|The Gann grid is a powerful instrument, but it isn't recommended for beginning traders because any erro that occurs in its plotting will give the wrong buy and sell signals.