MARKET ANALYSIS: The market has broken the huge uptrend channel and now its moving to a sell. Now in the lower time frame we have descending channel formation. We have strong support zone near the market price now. If the support zone is broken we can see a new lower low for a huge shorting opportunity. So lets wait and see what the market does in the coming days. Cheers!
This is the third education series on Channel (link of Educational 01 and Educational 02 given below), In this educational post, I cover up points that provide trades opportunity in a trending channel. Steps To Follow: Step 1: Connect Two Higher High Points to Draw a Trendline Step 2: Connect Higher Lows points, take a buy call Step 3: Buy at pullback with...
This is the second education series on Channel (link of Education 01 given below), In this educational post, I cover up points that validate a Channel and benefits of drawing a right channel. Validation points are as follows: Point 1: Two Parallel lines Point 2: Higher High and Higher Lows in Uptrend and Vice-versa. Point 3: Two compulsory touch points in...
This is my first educational posting series on "Channels". In this educational series, I would cover five important points while dealing with channels, as given below: 1. How to identify trend with channels? 2. What is the right way to draw channels? 3. How to use Channels to find trades? 4. How to validate channel trades and manage risk? 5. Multi-time...
Basic Patterns, Educational Post
Dear friend's How triangle works on bullish channel? This is a simple way to find entry point in triangle bullish movement. inverse, in bearish movement is true. Hope this lesson help to me and help to you for improve your trading. Kind regards, Pooya Salehipour
This is basic stuff which keeps happening almost in all pairs & all time frames. Once you get the eyes trained to know this pattern, then only this setup & discipline will keep u on profitable side. Eye ball & try to find this setup in your charts & keep practicing it till u are comfortably finding the live trades in your chart.