Breakout then trading range on EURUSD, what next?
As we see last clear move is bear BO of bull channel. Trading range formed next.
TR more than 20 bars, so market loses its sight 50-50 chance of either bull or bear BO.
Since there is bear BO before, probability of bear BO is slightly higher.
TR more than 20 bars, so market loses its sight 50-50 chance of either bull or bear BO.
Since there is bear BO before, probability of bear BO is slightly higher.
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