We must be able to identify support and resistance levels as that’s where are going to use this strategy. The two possible scenarios that we will see sometimes happening on charts are as follows. By monitoring a support level, maybe hoping to buy on the upward bounce of price on that support level but it [...]
The London breakout trading strategy is used to trade the London Forex session during the first few hrs (1-3 hrs) when the Forex market opens in London. The London trading session is the biggest Forex market mover as much of the trading volume for currency trading is during this session. Breakout of last 3 hours of [...]
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 [...]
