SR Trend Lines - Channels
In this lesson we will learn about the use of Forex Channels as a support/resistance indicator. Forex price channels are parallel or semi-parallel trend lines that surround a rising or falling trend at an angle and width that captures the overall slope of the trend, like a single trend line. However, price channels over certain advantages over single trend lines. Trading channels in Forex can yield better results than trading single trend lines, especially when the channel trend lines are symmetrical.