Forex Lesson: What Is the Best Way to Draw Accurate Trend Lines?

Trend lines are one of my favorite ways to determine the strength of a trend.

The way a market tests these levels and even how often can indicate whether momentum is strengthening or waning.

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But trend lines are only useful if placed correctly. Otherwise, you could find yourself missing opportunities or worse, getting caught on the wrong side of a market.

With that said, drawing diagonal levels isn’t an exact science.

There are usually multiple ways to interpret the proper placement, which is what makes trading such a subjective business.

So while I can’t show you the only way to do it, I can give you a few pointers that have helped me over the years.

Source:
Justin Bennett
Daily Price Action
Justin@dailypriceaction.com
Daily Price Action
43836 Laburnum Sq Ashburn, Virginia
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