What is channel in forex trading
AOA
Introduction
Friends, how are you, I hope you all will be well, today I will talk about the topic, that is channel in forex trading, we will post this post. How channels are formed and how trading is done on them, hope you try to understand it
What is a channel in forex market
When the market is in up trend the market is like a waveThe higher the higher the higher the lower is made, in this way a trendline is formed if the people of the market are mixed together and if the high scores of the market are mixed together then a trendline is formed and the market is moving between two trendlines.
How it is formed
When the market moves in a trend it does not go straight up or down but makes market lows and highs as the market retraces after going up or down Due to which people in the market and yes this is made lows or And these loss and high scores are combined to form the frontline which gives the shape of the channel. There are two types of channels in the forex market highs
1 # ascending channel
2 # descending channel
ASCENDING CHANNEL
This channel is now formed in the trend and in this the market faces upwards making higher higher higher low In this, when the market touches the lower superintendent line, then we can buy from here and our stoploss will be below this trend line while our take profit will be up to the resistance trading trendline.
DESCENDING CHHANEL
This channel account is formed in the world trend and this makes the market go down making low and high and low and low in this channel when the market resistance If it comes near the friend line then we can move from here and our stoploss resistance will be above the trendline when we say profit our support will be till the trendline
BREAKOUT OF CHHANEL
Channel breakouts occur when the market moves out of the channel in a down trend or up trend. Confirmation of a breakout is that a candle closes outside the channel in the same time frame as the market forms the channel. After confirmation of the breakout After breakout confirmation we take trade in it if there is a break out of rejection trendline then we brother let's take train and if on break out of supporting light end line we take sell trade
Introduction
Friends, how are you, I hope you all will be well, today I will talk about the topic, that is channel in forex trading, we will post this post. How channels are formed and how trading is done on them, hope you try to understand it
What is a channel in forex market
When the market is in up trend the market is like a waveThe higher the higher the higher the lower is made, in this way a trendline is formed if the people of the market are mixed together and if the high scores of the market are mixed together then a trendline is formed and the market is moving between two trendlines.
How it is formed
When the market moves in a trend it does not go straight up or down but makes market lows and highs as the market retraces after going up or down Due to which people in the market and yes this is made lows or And these loss and high scores are combined to form the frontline which gives the shape of the channel. There are two types of channels in the forex market highs
1 # ascending channel
2 # descending channel
ASCENDING CHANNEL
This channel is now formed in the trend and in this the market faces upwards making higher higher higher low In this, when the market touches the lower superintendent line, then we can buy from here and our stoploss will be below this trend line while our take profit will be up to the resistance trading trendline.
DESCENDING CHHANEL
This channel account is formed in the world trend and this makes the market go down making low and high and low and low in this channel when the market resistance If it comes near the friend line then we can move from here and our stoploss resistance will be above the trendline when we say profit our support will be till the trendline
BREAKOUT OF CHHANEL
Channel breakouts occur when the market moves out of the channel in a down trend or up trend. Confirmation of a breakout is that a candle closes outside the channel in the same time frame as the market forms the channel. After confirmation of the breakout After breakout confirmation we take trade in it if there is a break out of rejection trendline then we brother let's take train and if on break out of supporting light end line we take sell trade