Price Channel Trading Explained - Strategies and Tips
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The price channel is a pattern on the chart represented by two parallel trend lines. The upper line is the resistance, while the lower line is the support. It’s important to understand how support and resistance work, as they will go a long way in determining where and when to place your trades.
0:00 Music Intro
0:10 Intro
1:30 Disclaimer
1:44 What is a price channel?
3:33 What it tells us
5:01 Breakouts
5:56 Types of channels
9:02 Finding the price channel
11:59 Trading the bounce
13:47 Trading the break
15:17 Final thoughts
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