Reply To: Practical Exercise 3

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Rich FittonRich Fitton

Hi Steve, my apologies – your original post slipped past me!

Your trendlines are perfect 🙂 On EURUSD you did exactly the right thing in incorporating that acceleration to the downtrend with your second line. The downtrend is officially still in place while the original line is intact but by joining together the prominent high low swings as the market makes its progress you can’t fail but map out a logical big-picture framework you can use to good effect.