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Forex Smart Trade Results, Thursday, February 2, 2023 – $1,794

Today’s-Forex-Smart-Trade’s-Trade-Results
Forex Smart Trade Results, Wednesday, February 1, 2023 – $2,581
February 13, 2023
Today’s-Forex-Smart-Trade’s-Trade-Results
Forex Smart Trade Results, Friday, February 3, 2023 – $12,269
February 13, 2023

Forex Smart Trade Results, Thursday, February 2, 2023 – $1,794

Today’s-Forex-Smart-Trade’s-Trade-Results

Trend Channels.

If we take this trend line theory one step further and draw a parallel line at the same angle as the uptrend or downtrend, we will have created a “channel”.

No, we’re not talking about ESPN, National Geographic Channel, or Cartoon Network.

These channels aren’t television channels, they’re trend channels, sometimes also called price channels.

Trend channels are just another tool in technical analysis that can determine good places to buy or sell.

The upper trend line marks resistance and the lower trend line marks support. So both the tops and bottoms of channels represent potential areas of support or resistance.

Trend channels with a negative slope (down) are considered bearish and those with a positive slope (up) are bullish.

Trend Channels

To create an up (ascending) channel, simply draw a parallel line at the same angle as an uptrend line and then move that line to a position where it touches the most recent peak.

We should do this at the same time you create the trend line.

To create a down (descending) channel, simply draw a parallel line at the same angle as the downtrend line and then move that line to a position where it touches the most recent valley.

We should do this at the same time you create the trend line.When prices hit the LOWER trend line, it may use this as a buying area.

When prices hit the UPPER trend line, it may use this as a selling area.

Today’s-Forex-Smart-Trade’s-Trade-Results

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