Channels Fx Trading Indicators
Channels are one of the most popular and effective indicators used by FX traders. They help to identify potential support and resistance levels, as well as trends and reversals. There are a number of different ways to trade with channels, but the most common is to look for breakouts. When the price breaks out of a channel, it can signal a change in trend or a potential reversal. Channels can also be used to set stop-losses and take-profit levels.