The blue channel is drawn on the H4 chart, it is a channel that has been respected for months.
I saw a completing on gold with the entry around 1350.
SL will have to go above 1355 with profit targets back down at around 1315.
Monitor these criteria before entry for a higher probability trade
1. divergence and overbought at entry zone
2. reversal ( or pattern)
Take care and great trading guys!