Waiting to Enter on a Channel Break
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* Once I have this structure in place, finding the trend becomes relatively easy. When the pair is trending lower, I only want to look for selling opportunities. Of course, the opposite is true when the pair begins trending higher.
Enter in the Direction of the Trend
At this point, you have identified the major trend and found a favorable corrective pattern such as a channel or a wedge.
The next step is to look for an entry once price breaks the pattern.
Please support this idea with LIKE if you find it useful.
***
* Once I have this structure in place, finding the trend becomes relatively easy. When the pair is trending lower, I only want to look for selling opportunities. Of course, the opposite is true when the pair begins trending higher.
Enter in the Direction of the Trend
At this point, you have identified the major trend and found a favorable corrective pattern such as a channel or a wedge.
The next step is to look for an entry once price breaks the pattern.
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