If we take a support line and draw a line parallel to the same angle of the trend line up or down, then we have a channel.
To create a rising channel, simply draw a line parallel to the same angle as the rising trend line and then move that line to a position where he can play the most recent peak. This should be done at the same time establishing a trend line.
To create a downstream channel, a line is drawn parallel to the same angle as the downtrend line and then move that line to a position where it touches the most recent valley. This must be done while also establishing a trend line.
When prices reach the bottom of the trend line can be used as an area of purchase. When prices reach the top of the trend line can be used as a sales area.
To create a rising channel, simply draw a line parallel to the same angle as the rising trend line and then move that line to a position where he can play the most recent peak. This should be done at the same time establishing a trend line.
To create a downstream channel, a line is drawn parallel to the same angle as the downtrend line and then move that line to a position where it touches the most recent valley. This must be done while also establishing a trend line.
When prices reach the bottom of the trend line can be used as an area of purchase. When prices reach the top of the trend line can be used as a sales area.
Forex is simple follow the trend and you will rich.
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