Parallel Channel

A channel can be used as an entry pattern for the continuation of an established trend and can be part of a trend following strategy. A channel forms when price action is controlled by 2 parallel, sloping lines and has tested each of these lines at least twice. An ascending channel indicates a bullish trend, with the support line connecting consecutive higher lows and the resistance line connecting consecutive higher highs.

A descending channel indicates a bearish trend, with the support line connecting consecutive lower lows and the resistance line connecting consecutive lower highs. Generally speaking the support line of an ascending channel is a buy zone and the resistance line of a descending channel is a sell zone while the opposing lines are profit-taking zones. A common stop level is on the other side of the buy or sell zone. Conservative traders may look for additional confirmation before entering a trade. TradingView has a smart drawing tool that allows users to visually identify channels on a chart.
LoneFox LoneFox PRO AAPL, D, 15 hours ago
AAPL: Apple: In a Channel
38 0 2
AAPL, D
Apple: In a Channel
Apple stuck in a channel making higher highs while the RSI is making lower highs (negative divergence), waiting for it to break support line. After that it may retest resistance (previous support) giving you another opportunity to enter and more confirmation. Stoploss should be just above the previous highs.
RickyBooker RickyBooker USDCHF, D, Short , a day ago
USDCHF: USDCHF Short
15 0 2
USDCHF, D Short
USDCHF Short
Price has currently broke daily channel. Believe price will head down to test 0.9938 support area. https://www.tradingview.com/x/ef1myYzd/
Sensei Sensei PRO AUDJPY, 240, Short , a day ago
AUDJPY: AUDJPY SELL CONTINUATION
35 0 4
AUDJPY, 240 Short
AUDJPY SELL CONTINUATION
I missed the initial breakout of the channel here, but no worries, a nice basing has taken shape and im expecting some bearish continuation. Great risk:reward for this trade. Enjoy
adatherton adatherton PRO UK100*GBPUSD, 60, Long , a day ago
UK100*GBPUSD: $FTSE in USD Parallel Channel
45 0 2
UK100*GBPUSD, 60 Long
$FTSE in USD Parallel Channel
Much has been made in the British press about $FTSE running inversely to $GBPUSD because it is in reality a USD index. Certainly the path is much clearer in USD. To trade this, you have to buy $FTSE and sell $GBPUSD to create a synthetic.
adatherton adatherton PRO GER30*EURUSD, 60, Long , a day ago
GER30*EURUSD: $DAX in USD Parallel Channel
104 0 4
GER30*EURUSD, 60 Long
$DAX in USD Parallel Channel
The $DAX expressed in USD has been in a parallel channel for over a month. Overlaying price action from Dec 23 (we are now at late Dec 29) gives a continual upward trend.
zhipengcfel zhipengcfel EURUSD, W, Long , 2 days ago
EURUSD: Updated Elliott Wave Count for EURUSD (2017-01-17)
213 3 9
EURUSD, W Long
Updated Elliott Wave Count for EURUSD (2017-01-17)
I updated the wave count a bit comparing before. https://www.tradingview.com/chart/EURUSD/RdaLBuLh-Outlook-for-EURUSD-in-2017-2017-01-08/ The wave (4) is a triangle. Wave (5) has already finished. It formed a nice triple bottom. And another support from the decline channel. Buy the pull back and hold it in a long ...
T_D T_D NZDUSD, D, Short , 2 days ago
NZDUSD: Sell NZDUSD ..
45 2 1
NZDUSD, D Short
Sell NZDUSD ..
The chart say it all ... (It's much clearer when you see it from your PC)
TrendsWithBenefits TrendsWithBenefits EURGBP, D, Short , 12 days ago
EURGBP: EURGBP Sell Channel High
389 3 46
EURGBP, D Short
EURGBP Sell Channel High
Wait for a channel bounce and look for opportunities to short this pair!
nikitafen46 nikitafen46 CHFJPY, 240, Short , 10 days ago
CHFJPY: CHFJPY 4h Wedge/Channel Setup
36 4 5
CHFJPY, 240 Short
CHFJPY 4h Wedge/Channel Setup
On the 4 hour chart, we see the market ranging between the low 115s and the 114s, So I established a trendline support and resistance, and will be shorting this pair now. Markets just opened with a gap up on this pair, I've seen this familiar setup, where market opens to retest the resistance from last week, and ...
info55 info55 EMP-A, W, Long , 11 days ago
EMP-A: Trading within Channel
4 0 3
EMP-A, W Long
Trading within Channel
-Weekly Chart -Price moving within descending channel -Buy approx 15.70 -Sell approx 18.40
info55 info55 ECA, D, Short , 11 days ago
ECA: Ascending Channel reaching Strong Resistance
14 0 3
ECA, D Short
Ascending Channel reaching Strong Resistance
-Reaching strong Resistance at 17.72 -Prices are trading in a Ascending Channel formation -Prices have dropped from this level in the past -Very likely prices will drop to approx 12
adatherton adatherton PRO AAPL, D, Long , a month ago
AAPL: $AAPL EW to 124
72 0 8
AAPL, D Long
$AAPL EW to 124
How about this, down into earnings (W4) then up to previous high (124.00) whilst staying in parallel channel.
Globe Globe GBPJPY, 240, Short , 7 days ago
GBPJPY: GBPPY
35 0 2
GBPJPY, 240 Short
GBPPY
consolidation after breakout support line, short breakout parallel channel.
nikitafen46 nikitafen46 USDCAD, D, Long , 10 days ago
USDCAD: USDCAD Long off Support Trendline
53 3 6
USDCAD, D Long
USDCAD Long off Support Trendline
Once again we have price making contact with the support trendline of the channel as seen above. I am waiting for a bullish candle on the daily TF to confirm my long position. Blue arrow shows approximate target, slightly lower than 1.3581.
nikitafen46 nikitafen46 USDCAD, D, Long , 13 days ago
USDCAD: USDCAD Another Buying Opportunity
35 0 5
USDCAD, D Long
USDCAD Another Buying Opportunity
The time has come to buy this pair once again, in case you missed the first signal several weeks ago. Price has met a season support trendline inside the channel on the daily time frame. I would say to wait for a strong daily bullish candle to buy, but NFP will be released within 15 hours, so maybe buy now and ...
EXCAVO EXCAVO XAUUSD, D, Long , 4 months ago
XAUUSD: GOLD
889 5 34
XAUUSD, D Long
GOLD
Global trend (red) up Now XAUUSD completes the fourth wave Until the end of the year we will see new highs gold Sorry for my English
Wave-Trader Wave-Trader TOP EURJPY, D, Short , 13 days ago
EURJPY: EURJPY Setting up for Big move
3062 11 82
EURJPY, D Short
EURJPY Setting up for Big move
Hi fellows, I am expecting big move down on this pair. Price struggling to break up. If impulse appear to the downside then look for sell. In case price break up and continue to the up side then i will look for continuation to the upside but for that i need to see clear break up and violation of my structure. Good ...
zhipengcfel zhipengcfel USOIL, 240, Long , 21 days ago
USOIL: USoil is in a decent rising channel (2016-12-28)
456 3 15
USOIL, 240 Long
USoil is in a decent rising channel (2016-12-28)
USoil is in a decent rising channel. Trade what you see! Close positions when it breaks down the channel, otherwise hold it patiently. -:) Good luck for everyone!
123456... Show More Ideas
Market
Interval
Browse
Time
Author
Widgets
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out