DislikedI like channels when they form. Makes it really easy to know when to buy and sell and what your targets are. Here is an H4 chart with what looks to me, a start of a channel up. But I've also posted the other side of the coin, which could be viewed as a continuation down channel. If you put them together in one chart, you have the diamond formation, which has been posted many times here. I also posted the diamond as well, not as clean of a diamond, but more so to show the channel direction. Notice how the channels are being squeezed together. Sooner...Ignored
love the top 2 pics in your post man. shows just how tricky the fx market is as you can make the chart looks good for both sides
I Am The Danger... I Am The One Who Knocks