Recognizing the trend line and the opposing parallel channel line - channel return line - and understanding the human dynamics that account for its structure, increase the efficiency of profit making by initiating or adding to one's position at trend lines and profit taking at the channel return line.
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Always use a stop loss when trading; it can be too easy for a $300 loss to become a $5000 loss.
Would you like to internet forex trading basics with forex trading software and also forex line trading and trade like a Pro!
In that event also use a protective stop, either static or trailing, to prevent profit erosion on the balance of the position.
forex trading stratagies
Would you like to internet forex trading basics with forex trading software and also forex line trading and trade like a Pro!
Is price moving faster?
These channels within channels are plotting the short, medium and long-term trend.
One of the main reasons I believe technical analysis works is because of the human element.