A new channel could be forming on EUR/USD
This is how I see it forming.
We are overextended to the downside so I am looking for an accumulation at the bottom of the range.
When the market makers will end accumulating, it will likely shoot up like a spring to go reach the top of the channel.
The best price action too look for on a smaller timeframe is a slow accumulation down with a clear down trending trendline that will break to the upside.
The entry and exit criteria are up to you
We are overextended to the downside so I am looking for an accumulation at the bottom of the range.
When the market makers will end accumulating, it will likely shoot up like a spring to go reach the top of the channel.
The best price action too look for on a smaller timeframe is a slow accumulation down with a clear down trending trendline that will break to the upside.
The entry and exit criteria are up to you