Price Channels

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Creating a Forex trading strategy does not have to be a difficult process. Today we will review the basics of trading price channels.
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Identifying Breakout Opportunities
UnBiasedTrading (TM)  Jun 12  Comment 
Equities in general look still bound in the confines of the price channels and in some cases wedges or push from small triangles in patterns that have played out since the end of May, as I marked and showed on a number of small daily charts across...




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A price channel is a pair of parallel trend lines that form a chart pattern for a stock or commodity. Channels may be horizontal, ascending or descending. When prices pass through and stay through a trendline representing support or resistance the trend is said to be broken and there is a breakout.

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