Channel Chart Pattern | EUR\CAD | Forex Factory

  • Channel Chart Pattern | EUR\CAD

    From chartsecret.com

    Chart Patterns are known to be the best market analysis mechanisms. Well, we got one here: A Descending Channel pattern appeared at the EUR\CAD; Pattern is extremely strong, as price respected the Support and Resistance for 9 times. The more bounces of price on a Support or Resistance level, the stronger this level is and less risk is involved in trading by it. It is 115 pips in size, which provides us a high profit margin and a reasonable Risk:Reward ratio. Enter to read the trading rules.

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ChartSecret
Jul 23, 2009 1:30am
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Chart Patterns are very reliable, especially the Channels and Asymmetric Triangles. In ChartSecret.com, we post live examples of Patterns and signals that are all based on Chart Patterns. We also have a big article section for Trading Education.
We wish you good luck in your trading.
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