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Learning Parallel Channel Traps
New Zealand Dollar/Swiss Franc
Education
Learning Parallel Channel Traps
By AlkalineFX
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Sep 2, 2021
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Sep 2, 2021
Sometimes we can get so caught up in the fear of missing out on the breakout that we forget it could be a trap.
It is always crucial to listen to your intuition when you see these easy setups because more often than not they are more complex than they seem.
In this example, a breakout occurred and buyers put stops below the last structure, a few days later this structure got raided for liquidity.
Once the liquidity was gathered we began to see the true move to the upside.
Do you see this often in the markets?
breakout
hunts
Technical Indicators
learning
liquidity
NZDCHF
stops
traps
Trend Analysis
Wave Analysis
AlkalineFX
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