July 14, 2020
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2020/03/24 · The most common way to trade forex on news is to look for a period of consolidation ahead of a big number and trade the breakout on the back of the number. lines forming a trading channel

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The economic calendar is clearly the most used tool of all forex traders. The calendar shows the times of announcement of important economic events - which often have a significant effect on the future price movement of each market.

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Source: Tradingview, FOREX.com. AS for the USD/JPY, on a weekly price has broken out convincingly from the long-term symmetrical triangle dating back to early 2015. In addition, the pair has moved above the recent upward sloping channel and is currently trading near 112.15.

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2015/11/21 · If we take this trend line theory one step further and draw a parallel line at the same angle of the uptrend or downtrend, we will have created a channel. Both the tops and bottoms of channels

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USDJPY has reached the resistance line. And now a breakdown of the support line is possible. In this case, I recommend buying USDJPY from the second support line. Target is the line of resistance.

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