EURUSD nice channel

FX:EURUSD   Euro / U.S. Dollar
8175 21 202
The EURUSD             is in a channel so a selling the break of the flag is a nice idea.
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structure may look like that
Euro has been resting on lt trend line ,
that one didnt work out did it
+3 Reply
EUR/USD Big break point 1.1099
Hi Anil, you wrote that 'it broke but never made it to the bottom of the channel. What does 'bottom of the channel' mean?
anilmangal ChrisGrech
It was in a channel on the chart I posted.
TheZabisyu ChrisGrech
You should stop trading, if you can't understand this simple thing! False Breakout, is what it is!
kinghenry777 ChrisGrech
Means it never hit the bottom trend line, a channel is two parallel lines where prices bounces between the lines until it breaks the channel, great for entries and exits if you know how to trade them right
fuhhh...finaly 50 pips loss...))
+1 Reply
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