are trend lines trading system above and below (channel). The bearish trend occurs when price moves down between channel and the bullish trend occurs when market price moves up between channel. The channel width is based on the top and bottom from the price. The upper line serves as a resistance level and the lower line serves as a support level.
Forex trading has many variations of the channel used in the trading system. Some are shaped like Bollinger Bands indicator or one shaped like a trendline. Basically the channel as the flow line where the price is moving inside.
Some channel indicator that we can meet the Keltner channel indicator Bollinger bands, price channel indicator, and Raff regression channel indicator. My favorite channel indicator is the Raff regression channel.
I love trading Regression channel because it is easy and fairly accurate. As with other trading channel, Regression channel also uses a system of support and resistance. We can take trading positions by breakout and reversal trading. Buy near support and selling near resistance, or you can do the breakout method by way of support and sell when it breaks buy when the break resistance.
Regression Channels indicator
You can use the link above to download the Raff regression channel indicator. You can use the trading system to increase its accuracy. Actually channel trading system is a classical system with the method of support and resistance. Although the classical system, you can not underestimate this method. If you can use them properly and enough experience you can gain profit easily.
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