Sometimes the most effective forms of technical analysis can also be the simplest. This is certainly true of trendlines. You can often find simple trendline breaks on the daily or weekly timeframe. It can be a great way of limiting and defining risk on a trade.

In this video Giles Coghlan, Chief Currency Analyst at HYCM, is going to show you how to draw a trendline and, importantly, what to do with trendlines that seem to been broken but you are not quite sure. Giles will show you how to isolate the different factors you need to draw a trendline and how to cope with premature breaks.