Channel strategy is a simple and complicate strategy.
A. Using it with Elliot Wave to follow a trend.
Follow the trend by "buy low, selling high".
B. Find a new turnover trend by a channel retest.
C. Find a continue wave by a sideways channel breaking
through.
Risk Management:
A. REWARD/RISH >1.5
B. Risk <2%
C. Move SL to TP1 or TP2 to protect your profit
A. Using it with Elliot Wave to follow a trend.
Follow the trend by "buy low, selling high".
B. Find a new turnover trend by a channel retest.
C. Find a continue wave by a sideways channel breaking
through.
Risk Management:
A. REWARD/RISH >1.5
B. Risk <2%
C. Move SL to TP1 or TP2 to protect your profit
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Join Free Telegram Group to get all the updates: t.me/FuntraderVera
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.