Real-time pattern trading is the easiest way to find entry and exit prices if you can scan hundreds of FOREXs within minutes. It is definitely impossible for humans. Artificial Intelligence (A.I.) not only discovers these patterns, but also checks if they worked out well in the past. Knowing the success rate in the past allows A.I. to establish the odds of success in the future.
A Channel Up pattern shows a clearly defined uptrend and describes the behavior of the price contained between upward sloping parallel lines. Higher highs and higher lows characterize this price pattern. This pattern is created via a lower trendline connecting the swing lows (1, 3, 5), and an upper channel line that joins the swing highs (2, 4, 6).
A breakout above a Channel Up’s resistance line points to a continuation of the growth momentum, while a breakdown below the pattern’s support line can demonstrate a possible trend change.
Traders could go long on the security when the price reaches the support line and exit when the price reaches the resistance line. When it breaks above the resistance line, traders can choose to buy the security. As with all the cases above, traders should look for other signs to confirm the pattern before choosing to short the security when the price breaks below the support line.
The difference between a Channel Up and a Channel Down pattern is the trend they describe: the former characterizes an Uptrend while the latter describes a Downtrend.
Time frames No matter your trading strategy (day trading, swing, etc), we have patterns that will be ready to trade.
RUBJPY - Russia Ruble - Japan Yen
| STATUS | Emerged |
|---|---|
| CURRENT CONFIDENCE | 54% |
| TARGET (EXIT) PRICE | 1.478220 JPY |
| BREAKOUT (ENTRY) PRICE | 1.426680 JPY |
| DISTANCE TO TARGET PRICE | Target reached |
| EMERGED ON | Feb 15, closing price |
| WITH CONFIDENCE LEVEL | 0% |
RUBJPY - Russia Ruble - Japan Yen
| STATUS | Emerged |
|---|---|
| CURRENT CONFIDENCE | 55% |
| TARGET (EXIT) PRICE | 1.470630 JPY |
| BREAKOUT (ENTRY) PRICE | 1.421050 JPY |
| DISTANCE TO TARGET PRICE | Target reached |
| EMERGED ON | Feb 14, closing price |
| WITH CONFIDENCE LEVEL | 0% |
CNYCHF - China Yuan - Switzerland Franc
| STATUS | Emerged |
|---|---|
| CURRENT CONFIDENCE | 52% |
| TARGET (EXIT) PRICE | 0.141360 CHF |
| BREAKOUT (ENTRY) PRICE | 0.139670 CHF |
| DISTANCE TO TARGET PRICE | 0.52% (7.4 pips) |
| EMERGED ON | Feb 14, closing price |
| WITH CONFIDENCE LEVEL | 0% |
CNYCHF - China Yuan - Switzerland Franc
| STATUS | Emerged |
|---|---|
| CURRENT CONFIDENCE | 52% |
| TARGET (EXIT) PRICE | 0.141360 CHF |
| BREAKOUT (ENTRY) PRICE | 0.139670 CHF |
| DISTANCE TO TARGET PRICE | 0.52%(7.4 pips) |
| EMERGED ON | Feb 14, closing price |
| WITH CONFIDENCE LEVEL | 0% |
CNYCHF - China Yuan - Switzerland Franc
| STATUS | Emerged |
|---|---|
| CURRENT CONFIDENCE | 52% |
| TARGET (EXIT) PRICE | 0.141360 CHF |
| BREAKOUT (ENTRY) PRICE | 0.139670 CHF |
| DISTANCE TO TARGET PRICE | 0.52% (7.4 pips) |
| EMERGED ON | Feb 12, closing price |
| WITH CONFIDENCE LEVEL | 0% |
