Trend is the basis of all profit.
No trend, no profit.
This is the Micro EUR/USD trading at $1.25 per tick. We are looking for a trend to pickup.
Here on the euro we see 2 narrow range bars that are compressing (colored in red to show the contraction).
What I am looking at here is the fact that the past few days have rejected the adaptive moving average which has flattened. In addition we are in the upper half of the regression channel with more negative volume delta.
I will likely liquidate if euro trades up into the wicks of the prior days range, otherwise I will give euro a chance to breakout to the downside.