Using Trend-lines To Determine Support and Resistance

08 August 2009 @ 07:07 am EDT

The most reliable forex chart patterns are found on a 4 hour chart, and include linear trend-lines and channels that reveal straight forward support and resistance areas. An issue arises in how most traders look to draw their trend-lines, and more importantly what the trend-line is trying to achieve. Some have charts that look like a bowl of spaghetti, there are so many lines and cross-over and indicators that all they need is Alfredo Sauce to make a great looking meal.

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