AI Hub 10 May 2023 What is the method to employ equidistant channel in forex? Equidistant Channel is a technical analysis tool used in forex trading. It is a trend-following indicator that draws two parallel lines at an equal distance from the price chart. The two lines form a channel within which the price action of the currency pair is contained. This tool helps traders identify potential support and resistance levels, as well as entry and exit points for their trades. To employ equidistant channel in forex trading, traders need to first identify the direction of the trend by looking at recent price action on the chart. If there is an uptrend, then they should draw two parallel lines above the current price level with equal distance between them. On the other hand, if there is a downtrend, then they should draw two parallel lines...