Channel resistance support
This technique is usually used for day traders to see the upper and lower limits of each timeframe or it can be called multiple support and new resistance. After knowing each SR of the timeframe, we just create a channel so that we know where the price will penetrate next and penetrate on the timeframe what the next price will be.
Linkback: https://www.forex.zone/trading-systems/10/support-and-resistance-channel/3396/
