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Robinson :
Add the Parallel lines based on your Support line , as I did it.
Draw that resistance line you see on my chart and place it at today’s Top – if it holds, we’ll have a pretty clear picture – if not, repeat the process on the next Top Stop ( when it happens )
Now look how that Resistance line fits in past performance – so that Angle is a Correct one !
Same goes for the Support
Nice Robinson – I’ll start from tomorrow with Trend Lines
All will be posted in Trading Academy Discussion Board, so you and David can slowly go over it , and post your impressions and questions there…also , your homework will always be to try copying my work on your own charts, with your own hands.
As for : I wonder if price will react over there, I’m looking to short EURUSD at 1.09181
Pay attention to that Downtrend line – it comes at about 1.08950 – next bus stop is at 1.11
This is what I see – and what I think – it really doesn’t matter – it is not our job to have an opinion, but to act as we see it ( in my opinion they’ll break Up this time…)
This is why we gonna start with drawing Trendlines.
Don’t post anything in Tags btw – it just screws up the page – whatever you want to ask or say, just post in the Box where you posted chart – first write and then add chart below …
One info for everyone : if you want to write a longer text, like I just did, use Word or any writing pad, write in it – copy/paste here ( or page refresh can make you sweat…)
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