A channel forms when price action is controlled by 2 parallel, sloping lines ... Conservative traders may look for additional confirmation before entering a trade.
The main rules for an ending diagonal
This pattern subdivides into five waves.
Wave 2 never ends beyond the starting point of wave 1.
Wave 3 always breaks the ending point of wave 1.
Wave 4 usually...
Hello Traders and All TradingView users
My view is possible increase from this level to 161.8 fibo ratio
One of the my favourite tool is FIbonacci Retracement ...
And i hope USDCHF and other USD pairs will start rise up soon
Thanks for reading and watching and following MONFX
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