One of the things I like to find is a moving channel and when I find it I trade it. The nice thing about a channel is that you can enter the trade after a nice pull back and usually the timing works out moving into profit very quickly. One thing you can do if you want to wait for confirmation then wait for the price to break the high of the previous 4 hour candle as this would indicate further moves to the upside.
Take a Look at this Eur/Cad Entry:
Let me know your thoughts on this trade idea. I want to help traders so also if you have any questions please don’t hesitate to ask.
In my last article I discussed the Usd/JPY and Gbp/Cad and both of those trade went almost immediately into profit.
Were you able to take advantage of those? These trades are generated by my Strike 3.0 System, Click the link below to learn more about the Strike 3.0 System.
Casey Stubbs is the founder of Winners Edge Trading, which is one of the most widely read forex sites on the web.
Winners Edge Trading has trained thousands of people to trade the Forex markets.
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