Price Channel Patterns

 

I guess one could get fancy when it comes to trading terminology, but I prefer to say it as I know it.

  • Price Action
  • Price Patterns
  • Trend Channels

No indicator can give you what the price has to offer. It took me a few years to get to this point, but I'm here and it's working. This is not a 100% hit rate setup though, but once you've found your groove you should find yourself with a hit rate above 50% :-)

 

Good S/R at 1.3180. Price closed above 1.3180. Went long at next green candle for 10 pips. A sweet PA trade!

Files:
eurusd_h1.png  30 kb
 

20 pip trade - breakout in trend channel with bounce of 21 MA.

Files:
eurusd_h1.png  44 kb