Robert24

EURCAD Just a chart with 2 channels,midline and polylines

FX:EURCAD   Euro Fx/Canadian Dollar
60 0 2
I just draw the polylines over the channels and then clone them. They are placed to show the tendency to hit them at certain levels. The blue line is just the midline of the channels (it comes with the channel tool).
Interesting flip around the middle where the breakthrough circle is.
The angle of the last channel is not necessarily set. It could turn down more. It's the difficulty with finding the proper set point (lead point).
Additional tools are sometimes needed to determine a general direction, but it's accurate when the LEAD point is correct.
My other channel studies explain how it works.
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