Everyone can easily pinpoint 4 verification points both for support and resistance levels of that particular channel. A trending channel helps defining stop losses and profit targets while trading popular currency pairs such as Euro, Yen or Pound against the US dollar.
For example the same trending channel the Euro has entered is much more important now than if we were talking about it in June. One reason is that most traders aren’t disciplined enough to obey to their own exit rules, but more importantly due to the probabilistic nature of trading.
However that doesn’t mean Euro will keep declining indefinitely and even more so inside that specific trending channel. A trending channel is surely a fine way to trade, but always keep in mind that at some point a channel’s band will eventually give way.
Trading etfs on scottrade|
Automated trading systems for futures
Investment brokers in louisiana