RKchartest

Using Parrallel Trend Lines

FX:USDJPY   U.S. Dollar / Japanese Yen
Finding a trend line on a long term chart that price has consistently use for support and resistance is a great way to find other areas of support and resistance . Clone the line and place it on extreme levels on the chart. You will notice how price uses these levels.

When you go to a lower time frame, you will notice that you can clone these levels to find smaller levels of support.
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