Reply To: Major Trendline as Profit Target
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June 8, 2015 at 8:39 am #1036
Hi Martin, looking good. Nice trade!
If you took a reading from the daily chart (the price at which the price action of the day would intersect the trendline) and plotted this as a horizontal line on your 15 min chart would the target come in close to your diagonal line? The changes in scaling from daily to 15 min can sometimes distort the position of diagonal lines left in place.