Were you struggling finding reliable forex trading tips? Find all tips and tricks you need to succeed while trading forex.
In this lesson we will look at the following: What is a trend channel, how it works, and how to trade trend channels? How to draw trend channels. What are the different types of trend channels? How to analyze the market with trend channels. Trend channels are one of the most commonly used tools in technical analysis. They are used successfully by many forex traders but before you start using them successfully, first we will have to learn them and understand what a trend channel is and how we can apply it in technical analysis. There are three types of channels used in forex trading., Downtrend channel (the price falls), an uptrend channel (the price rises), and a side trend channel (when the market is consolidating). These are the three types of price channels that are used when analyzing a [...]