【Everyone can understand buying signal】The outcome depends on whether you can draw an effective parallel channel! Trading using only parallel channels that reliably ride the trend [Subaru Hachiya]
Subaru Hachuya Profile
Popular for simple yet practical chart analyses using only channel lines, with rising popularity. Sharing daily market perspectives on Twitter, blogs, and YouTube.
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※This article is a reprint/edit of an article from FX攻略.com, September 2019 issue. Please note that the market information written in the body may differ from current market conditions.
※“Strategy Points” and the main text assume a long position in an upward phase. For a downward phase and short positions, the opposite rules apply.
Strategy Points
- Technical: Channel lines
- Trading timeframe: daily chart, 4-hour chart
- Pairs to target: cross yen, dollar-yen
- Advantages of this strategy: shorter time holding drawdown and lower stress
Clear Buy/Sell Points when a High-Precision Parallel Channel is Present
Source:AUDJPY chart by TradingView
New
- Draw a parallel channel that is widely watched by many market participants
- After touching the lower bound of the channel, if the 4-hour chart turns bullish, go long
Settlement
- Take profits near the center line of the parallel channel
- If it breaks below the channel lower bound and becomes resistance, cut losses
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