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!
Comment
Bullish continuation inside the wedgeOrder cancelled
✅Join My Telegram Channel: t.me/VasilyTrading
❗️YouTube Channel youtube.com/c/VasilyTrader
💰Instagram: instagram.com/VasilyTrader/ 💰
✅Facebook: facebook.com/VasilyTrading/ ✅
❗️YouTube Channel youtube.com/c/VasilyTrader
💰Instagram: instagram.com/VasilyTrader/ 💰
✅Facebook: facebook.com/VasilyTrading/ ✅
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.