Drawing Horizontal support and resistance, and equidistant channel

Let me try to explain as simple as i can, this 3 things seems very simple, but very important for you if you want learn about leading indicator

Support is an area which price make a new low, and after that the price are turning up side.
Resistance is an area which price make a new high, and after that the price are turning down side.
Equidistant channel is also called as trend line channel, which we connected or we draw a line from one resistance to higher resistance, or from support to lower support.
( resistance to higher resistance also we can call as higher high to higher high, or support to lower support, we also called lowest low to lowest low) read  identity HH, HL, LL, LH
Support Resistance interchange is when the price breach the support, at the same time the support become the resistance.

Chart 1 h1

 

Chart 2 continue from chart 1

 

You can also see the live example, just now the euro just stop exactly at support resistance interchange line (which officially become support). Draw the trend line, support and resistance line are very important for you to do reading chart.

This is a short briefing about those line, next session i will write one by one how to identify each line and how to draw them.