This chapter gives us an introduction to the foreign exchange trend line and channel, and how to trade the support and resistance levels.
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Trendline and Channels
The trend line is probably the most commonly used tool in technical analysis. Channel is another popular technical analysis tool to determine the best bid or ask price of the currency pair, with the tops and bottoms of the channel represent potential areas of resistance or support.
This chapter gives us an introduction to the foreign exchange trend line and channel, and how to trade the support and resistance levels.
This chapter gives us an introduction to the foreign exchange trend line and channel, and how to trade the support and resistance levels.
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