Reply To: Major & Countertrend Trendlines

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John Murphy

I’ve taken a chart of GBPJPY and plotted two major trendlines and two counter trend although I’m not sure about the second one. It does help to reinforce the major trendline as it crosses and as the main trend is up it seems to be good point to trade from. I see that major lines should be okay, the counters are a bit more subjective so I’ll need spend some time looking more closely at that.


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