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Change of Character (CHoCH) Explained
3:08 · 8 chapters · Forex lessons, part 30
What you'll learn
A change of character is an early warning a trend may turn, not proof. Here is how to read it in under 3 minutes.
Go further with our written guide on this topic, browse all the free Learn Forex lessons, or check today's market in our forex news.
- Key point 1
- What a change of character (CHoCH) is, bullish and bearish
- Key point 2
- The difference between CHoCH and a break of structure (BOS)
- Key point 3
- An illustrative USD/CAD example of a bullish CHoCH
- Key point 4
- Five checks to filter fake CHoCH signals
- Key point 5
- Internal vs external CHoCH and why confluence matters
Rules and limits from regulators and official sources; every price, account and chart in the video is an example. Education, not financial advice.
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