Charles Scalping Question

Charles sent me a chart of a 4 hour megaphone channel for my opinion. Within the 4 hour channel was an hourly channel that started to fail but would have yielded a 1-3 ROI trade depending on the entry.  By looking at the context of the trade which was that the 4 hour channel was heading downwards you would know to be on the lookout for the failure of the hourly channel and just exit at 1-3 or break-even.

Although you can’t see them the monthly,weekly and daily levels have been drawn in but are nowhere near price.

 

hourly

 

hourly_analysis

 

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