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Equidistant channels are arguably the most common technical structure found in the Forex market.
Not only that but they are, in my experience, one of the most lucrative to trade.
As a price action trader, the amount of profit you generate over the course of your career is dependent upon your ability to identify (and successfully trade) favorable technical patterns.
In other words, you need to know these various patterns like the back of your hand if you truly wish to succeed as a professional trader.
While the topic of equidistant channels is nothing new, there is a way of using them that is as advantageous as it is uncommon. Call it a “trick” if you will.
By the end of today’s lesson, you will know how to forecast a potential support or resistance area within a channel before the pattern has fully developed.
If that sounds too good to be true, it isn’t. I use the technique I’m about to show you every single week to assist in identifying levels of interest.
Let’s get going!