Tecnologia_Financiera

Parallel Channel EUR.USD

Short
FX:EURUSD   Euro / U.S. Dollar

TF strategy: Parallel Channel in the EURUSD

- The pair EURUSD corresponds to the price of the euro vs the US dollar

- A channel is a graphic pattern that connects the maximum and minimum prices of an action over a period of time.

- In the bearish channel the lines have a downward slope, indicating a downward trend in the price

Temporality: 4 hours

1. Within a channel, the operations open betting that the price remains within it. Therefore, in this channel we must wait for the price to bounce off the upper trend line to open a short trade.

2. This short operation can be opened at the price of approximately 1.1297 with a stop loss close to 1.1366 and a profit in 1.1106 approximately, close to the lower trend line

3. The risk-reward ratio for this operation is 2.57

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