Robert24

Channels: Here's what you want to know.

FX:EURCAD   Euro / Canadian Dollar
5
Channels always remain tied together. There are as many as 3 different sizes running over top of each other on 1 chart. The STARS are lead points to carry the angle to the opposite side. Sometimes you shoot off the post (the vertical distance) at the start of the channel. The angles at the top are disjointed scissors. If you did the same down angle, as the up angle at the last real point it would be too fast. That's why the angle is moved ahead. That formation at the top where it flattens is a common formation. I've seen it many times before a big reversal. Have fun... and send some money if you become rich off of it. LOL
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