Reply To: Practical Exercise 3

[Steve Hall]

Hi,

Here are my attempts at the trend lines and counter trend lines on EURUSD and GBPUSD – would appreciate your feedback.

I am wondering about how to handle changes in the main trend – for example on EURUSD, mid Oct 2014 it had the start of a downtrend, from mid December the price dropped more steeply than before. Is what I have marked on the chart correct according to the method you use to mark trend lines – is there a method you use to handle this kind of situation?

Many Thanks

Steve

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