Using Keltner Channels for Forex Trading
Keltner Channels are a technical analysis tool used by traders to determine the direction of the trend and identify potential overbought or oversold conditions in the market. Named after Chester W. Keltner, who introduced them in his 1960 book “How to Make Money in Commodities,” these channels are volatility-based envelopes set above and below an exponential moving average (EMA). Mechanics of Keltner Channels To fully utilize Keltner Channels, it’s essential
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