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Channels are banded trend-following indicators, usually lagging, with an upper and a lower line, at equal distance from a middle line (usually called the midpoint). The area between those lines is the channel. They are commonly used for daily periods but work for any period. Their usage is straightforward to understand. Breakouts of the upper or lower line -which are relatively rare- indicate possible trading signals based on extraordinary strength resp. extraordinary weakness.

Overbought and oversold conditions can occur when price reaches either the upper or lower line. A sideways moving channel with price oscillating around the midpoint identifies a flat trend. There are several kinds of channel indicators, usually named after their creators, such as the Donchian Channels, the Keltner Channels and other price channels. Several modifications can be made to each of them and to reduce the number of fake signals they can be used in combination with other indicators.
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https://uk.tradingview.com/chart/AUDUSD/L68Jm4OR-AUDUSD-LONG/ Following to target reached in the attached analysis, AUDUSD should complete ascending channel before any major reversal.

Quadricolor Quadricolor USDJPY, 240, Short ,
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USDJPY, 240 Short
Short USDJPY, Daily Chart, Channel break, potential range.

This idea follows on from a previous trade I have with this pair. The idea is linked below. It was shorting on the basis of a channel formation, however the channel formation appears to be broken so a new analysis is being undertaken. I am looking to short this pair. A small range looks likely to occur this week. I've highlighted this range area I am expecting ...

Quadricolor Quadricolor USDJPY, D, Short ,
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Short USDJPY, Daily chart, Bearish channel re-entry, resistance.

This idea is also related to a 4 hourly chart I have linked below, showing bearish candlestick price action currently active, respecting the major resistance / previous price low / pivot area. Recently President Trump announced his budget, but this was not enough to push the USD above the major inflection point. In fact the pair appears to be taking major ...

Quadricolor Quadricolor USDJPY, 240, Short ,
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USDJPY, 240 Short
Short USDJPY, 4 Hr chart, Major resistance / Selling activity.

On the 4 hourly chart we see resistance with the long tails / Dojis in the candle price action. They appear to be respecting the Major resistance line which has previously been a major Pivot or Swing line. A lot of selling activity and short positioning may be occurring here. This might be reinforced with the poor US Economic fundamentals, poorly received Trump ...

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USDJPY Channel & Fibonacci respect and RSI oversold. Cover short

The USDJPY is in a bearish trend since the beginning of 2017 as suggested by the trend channel. The price has recently respected a long term 61% retracement at the same time as respecting the bottom lower channel of this trend at point A. The RSI is also oversold. These indications suggest cutting long term short positions, but not necessarily going long as the ...

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Potential Short term reversal of EURUSD at Fibonacci retracement

I was interested in a recent analysis presented by AlexandreFXKG as I am trading this pair actively. This morning I spotted a nice continuation in the price as we expected. However, I am worried about the French Presidential election coming up this Sunday (first round only). I am wondering if there may be some large price moves due to thin markets ahead of this ...

Quadricolor Quadricolor AUDZAR, W, Short ,
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Long term study of the trends in the AUDZAR pair

The weekly graph reflects the perspective of the longer term trends. This is the long term view related to my daily study of the AUDZAR.

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