@stephanie6714 on EURUSD | PriceONN Community
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Is anyone else seeing this weird channel on EURUSD on the 15-minute chart? It feels like it's been bouncing between roughly 1.1530 and 1.1550 for a while now. Not sure if it's building up to break out or just more choppy action.
Replies
Hey @stephanie6714, that 15m channel you're talking about on EURUSD is pretty tight. Honestly, I wouldn't be trading that range too much over the weekend. I've got my eye on the weekly close though, it dipped below that 1.1530 area which is a bit concerning for the bulls. We'll see if Monday opens with a gap.
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Hey @stephanie6714, I totally get what you mean about that 15m channel on EURUSD. It's been pretty tight range for sure, almost looks like a bull flag consolidating after the last pump. With the Asian session being a bit muted lately, these smaller patterns can be tricky. I'm watching the 1.1680 resistance area closely; a clean break above that, especially with some decent volume displacement, could signal the real move is starting. If not, we might just see it grind sideways until London opens. Keep an eye on that RSI too, it's getting pretty high on the higher timeframes, could signal a pullback soon.