Price channels are a basic, well maybe an intermediate level, trading technique based on trend lines. The theory is that, like a rive between two banks, prices can channel between areas where buyers are buying and sellers are selling. On a chart this is represented by trend lines connecting lows and connecting highs, forming a channel that prices will flow in. There are also more advanced forms of channeling such as Keltner Channels, Moving average envelopes and even Bollinger Bands (tm). Regardless of which method you use to channel your profits they are all based, at least in part, on basic price channel theory.

This article goes into more detail on how basic price channels can be used by binary options traders.