Channels are a common chart pattern
EURAUD is at the channel bottom.
If it is a bearish channel breakout, you are a seller.
Wait for a 15m Break, Hook, and make your entry!
If it returns into the channel as a bullish continuation, you are a buyer.
Wait for a 15m bullish continuation candle pattern, and make your entry.
Thanks everyone, have a great week and let us know below how you trade channels. :)
EURAUD is at the channel bottom.
If it is a bearish channel breakout, you are a seller.
Wait for a 15m Break, Hook, and make your entry!
If it returns into the channel as a bullish continuation, you are a buyer.
Wait for a 15m bullish continuation candle pattern, and make your entry.
Thanks everyone, have a great week and let us know below how you trade channels. :)
Note
Bullish continuation move to channel topNote
Price has moved from the bottom of channel to the top of channel and broken out bullish to the first take profit.Note
Pair hit 2nd take profit
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.