EURUSD 1.1856 USDJPY 111.62 USDCAD 1.2371 EURCZK 26.031 USDCZK 21.950 EURPLN 4.2725 USDPLN 3.6042
EURUSD 1.1856 USDJPY 111.62 USDCAD 1.2371 EURCZK 26.031 USDCZK 21.950 EURPLN 4.2725 USDPLN 3.6042

Start real trading in just 30 minutes

Start real trading in just 30 minutes

Micro-lots with no minimum deposit!

Open demo account MetaTrader5

Open demo account MetaTrader5

Opening demo account is the first step

Demo account in MetaTrader 4

Demo account in MetaTrader 4

All-time trading platform classic

For beginners

For beginners

Learn the basics of financial markets

Horizontal channels are the most basic formation of technical analysis with only two horizontal lines - resistance and support lines

Rule of thumb

Caution should be taken when using stop-loss in the region of the support and resistance lines of a horizontal channel.

 

Sometimes prices tend to touch or even infringe these lines for brief periods, only to return back to the channel

Chart type: All charts

Applies to: Both reversal and continuation

Significance: High

 

The horizontal channel is a formation that combines the use of both support lines and resistance lines, showing that price is following a “sideways” trend (also called
horizontal trend).

 

 

The buying and selling pressure is similar, leaving the price to move sideways in a channel. This is observable in periods of price consolidation. This is one of the most significant and elementary formations on the financial markets.

 

How to use it with MetaTrader 5:

  • A horizontal line can be drawn on the MT5 platform using the “draw horizontal line” icon in the main window panel
  • Another option is to choose options “Insert/Objects” and then “Horizontal line” from the pull-down menu

Pola oznaczone gwiazdką są wymagane.

zamknij