FxcInvesting
Short

PRICE ACTION / TREND FOLLOWING VOLUME #1

FX:EURUSD   Euro / U.S. Dollar
PRICE ACTION TRADING.

FIRST STEP

Draw the channel. And check how the price moving.
HL- Higher low
HH-Higher high
LL-Lower low
LH-Lower high

STEP TWO

Draw the support and resistance lines.

PRACTICE,PRACTICE,PRACTICE AND PRACTICE
Urban Štamcar Trading Coach and Fund Manager at FxcInvesting/Svet Investicij

English website: https://www.fxcinvesting.com/
Slovenian website: http://www.investirajte.si/
Super Mario will probably surprise the Sellers for 1.1400
Good Luck !
+1 Reply
AWESOME
+1 Reply
FxcInvesting PRO Ichimoku_Trader
Thanks!
Reply
Nice chart. In this case I will wait for the price to move down into the channel again with good momentum (big red candle) and put a stop loss and reversal above the support and resistance zone, around 1,1216. Plus my premium indicator says down (If I think the price will go up as I do now, I'm alwais looking to selland. lol.)
+1 Reply
Ok. Thank you
How many point can we tolerance of the price if out of channel? is there limit?
+1 Reply
there are no limits ! :) more points = more strong is channel
Reply
rocky05.ra FxcInvesting
Oh ok Understand.. thank you very much
+1 Reply
You are welcome
Reply
rocky05.ra FxcInvesting
I have one more question, if we combine with fibo which level fibo is actually happen when retrace?
+1 Reply
I use fibo too yes, but here we don't have any retracement
Reply
English
English (UK)
English (IN)
Deutsch
Français
Español
Italiano
Polski
Türkçe
Русский
Português
Bahasa Indonesia
Bahasa Melayu
ภาษาไทย
Tiếng Việt
日本語
한국어
简体
台灣
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out