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Feb 13, 2018 4:38 AM

EURAUD 1H Channel Trading Strategy 

Euro Fx/Australian DollarFXCM

Description

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. :)

Comment

Bullish continuation move to channel top

Comment

Price has moved from the bottom of channel to the top of channel and broken out bullish to the first take profit.

Comment

Pair hit 2nd take profit
Comments
TradingStatistics
nice setup
BrunoAlvesb2
Great! Thanks!!!
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