FOREX THEORY
Channels (Part 2)
Channels are useful because you can
spot breakouts on either direction of the trend. The approach is similar to how
we approach trend lines in that we wait for the price to reach one of the
channel lines and look at the indicators to help us make our decision.
Notice that the MACD was showing
strong bearish momentum as EUR/USD broke below the lower line of the trend
channel. This would’ve been a good sign to go short!
 Channels are useful because you can spot breakouts on either direction of t...){kind=link}
0 comments