Channeling Up

So we find ourselves Channeling up against the trend line from early August highs… Which is also the 38.2% (see gray oval) retracement from 1.1877 to 1.3334.  Momentum to the upside seems to be fading, but a breach of the downward trend line would suggest other wise.  If so, I would be looking to short at 1.2875 for 1.2365

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    • Manoj Gattani
    • August 30th, 2010

    Hi

    I use TOS. Can you tell me your setting for Volume Profile.

    Thanks
    Manoj

    • Hi Manoj,

      For forex it is TPO Profile, I use two. One is chart, ticksize, yes. The other is day, ticksize, no.

      -tx

    • Manoj Gattani
    • August 30th, 2010

    Thanks.

    Your charts are good. Do you post everyday the POC, VAH and VAL?

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