EURUSD is entering a previously formed price channel. buying at the green, selling at the red. at some point price will break above or below & the same process will begin again... simple as it gets.
Note
Price MAY find support on the 15min chart here at the red line & then break out to make a high. this will become the new "channel top", from which I'll trade red line (buy) to that new top.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.