Based on your chart I have a question: Your red trendline from Feb to the high around March 26th has been broken.
At what point/when/or do you ever move the trendline from the high of March 26th to the latest high on April 3rd?
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Disliked{quote} Hi Traderview, Based on your chart I have a question: Your red trendline from Feb to the high around March 26th has been broken. At what point/when/or do you ever move the trendline from the high of March 26th to the latest high on April 3rd?Ignored
DislikedI draw TL's on the price moves. March 23rd high was 1.0929, and today is April 4th. We've just reached above of 1.0940. The difference is 10 pips. So there's no point changing it. Most importantly, you need to look into how deep was the pullback after touching the TL and how many times it was being retested. These and many other factors would give you a broad based sense on HOW IMPORTANT THE TRENDLINE IS. {quote}Ignored