A price channel pattern in simple terms is when the price is running between (in a channel) support and resistance levels. When price is in a channel, it tends to stay in that channel until a channel breakout happens. Now, there are two main kinds of price channels : The horizontal channel. The diagonal price [...]
Horizontal support and resistance forex trading strategy is based on solid trading fundamentals of support and resistance hence it is one of the most popular strategies among traders. This trading strategy works as : where price has moved up, reverse on hitting the resistance level or price has moved down, bounce back on hitting the support level. [...]
Bollinger Bands are a trading tool used to determine entry and exit points for a trade. The bands are often used to determine overbought and oversold conditions. Using only the bands to trade is a risky strategy since the indicator focuses on price and volatility, while ignoring a lot of other relevant information. This forex trading strategy works as : when [...]
The railway tracks pattern strategy is another price action trading strategy that is based on analyzing the flow of candlesticks. This trading strategy works as : Look for the candlesticks forming the same trend. Wait for the formation and breakout of opposite candle in the ongoing trend, the formation of a bull candle in a strong bearish trend, and [...]
