FX:EURCAD   Euro / Canadian Dollar
30 7 0
selling
I believe you drew one of those lines just so it can touch the top of the current rally, cause other than that, price it didn't bounce off it
+1 Reply
moesalama vlad.adrian
i don't get it, what line?
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snapshot
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moesalama vlad.adrian
hey,

I did not draw second line, the second line is identical to the first line that connects the three highs.

although it is overlapping with the lows, it doesn't matter to me as long as it is not interfering with the new current pattern being created.

thanks

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How come you did not draw it? If it would be drawn with the parallel channel tool, wouldn't it have the same length ? :D
+1 Reply
moesalama vlad.adrian
I do not trade by channels, and this is not meant to be a channel.

I only connect the dots between my wave counts, and from there start building up the analysis. I like more to call them identical angled trend lines haha ;0

for this line, I only meant to extend it to see what high can it reach.

basically, this line is used for my daily high. if it is break upwards then the whole scenario is broken
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OK :)
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