Fibonacci channel

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Welcome to currency trading with Profiforex!
This video is devoted to the Fibonacci channel.
To impose this channel on the chart, use the sequence "Insert" - "Channels" - "Fibonacci."

The Fibonacci channel is probably the most difficult element for plotting on the chart. The ability to use it indicates a high level of professionalism in the forex market.
The advantage of this channel is that it not only shows the boundaries of the trend but also shows various important levels.
Having specified only two lines, in addition we get four support and resistance line, that can be used to predict price movements.

We know that the price could fall at any moment.

We also know the price could increase at any moment.

We know that if the price breaks through this corridor it may get an additional impulse.This is what we see in the real situation.

You can learn about other Fibonacci tools in the following videos.