Channels (aka corridors) are, hands down, the most common formation on the Forex market. Combined with the triangle pattern, good ol’ channels cover 80% of market situations.
There are several strategies for trading channels in Forex. Today we discuss the main two: the “inner” and “breakthrough” strategies.
In this 4-minute video you will learn:
- What is a channel
- When to buy and when to sell
- How to decide which channel strategy to apply