Reply To: Exercise 3. Trendlines?
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June 13, 2015 at 9:19 pm
#1159
Rich Fitton
Keymaster
Hi Nigel,
All major trendlines look fine (I just added a couple of additional ones on USDCAD as the downtrend accelerated). Don’t worry about forcing countertrend lines to fit on the chart. The most widely observed ones are where the connecting points are obvious to the wider general market i.e. more traders will be following them and placing orders based on that line placement.