Short

how to trade a falling channel with a confirmation?

Updated

hey traders,

on euro dollar we have very interesting setup to be focused on.

on a 4H chart we see a parallel falling channel.
the price is approaching a channel resistance line right now.

I never trade just channels, I prefer to wait until a confirmation signal on a lower timeframe occurs.

on 1H chart we see a formation of a rising wedge pattern,

for us, bearish violation channel is a perfect signal to sell the market anticipating retest of the market low.

good luck!

Note

Bullish continuation inside the wedge

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