EUR/USD: A Lesson On Trend Lines
TREND LINE ANALYSIS: I've been seeing some of the most poorly drawn trend lines on here lately lol some of you are literally drawing the lines to meet your current bias. That is a VERY bad habit to have. You should be letting the chart tell you what's going on, instead of trying to decide for yourselves. If you're constantly losing money, this is probably one of the reasons why. These trend lines I have placed are drawn "properly". Clearly we will enter a short term buy phase if we have an hourly close above resistance at 1.1260. I'm still long term bearish. Should be able grab 60-80 pips before the next major reversal.
- No risk, no reward.
- No risk, no reward.
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