Vantage FX UK (https://www.vantagefx.co.uk/) offers a simple explanation of how to use a trend channel to analyse Cable (GBP-USD pair). Subscribe to this channel for more chart analysis videos.
Ascending Channel
This is a chart pattern that shows a rising price within a trend, where the price action results in a pivot of higher highs and higher lows. The two trend lines now act as the support and resistance levels for price movement, with traders looking for a breakout of the trend on either side. Swing traders will trade within this trend, whilst others may focus on when the trend will end.
