Gold/USD
In the context of trading, "parallel channel" typically refers to a technical analysis pattern used by traders to identify potential buy and sell points in the market. Here's an overview of what this involves:
Parallel Channel in Trading
Definition:
A parallel channel is formed when the price of an asset moves between two parallel trendlines. These trendlines can be ascending, descending, or horizontal, representing different market trends.
Parallel Channel in Trading
Definition:
A parallel channel is formed when the price of an asset moves between two parallel trendlines. These trendlines can be ascending, descending, or horizontal, representing different market trends.
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