Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
on DAILY: Left Chart
As per my last analysis, we know that EURAUD is sitting around a strong rejection zone as it is the intersection of a horizontal support in blue and a non-horizontal support in red.
So we will be looking for buy setups on lower timeframes.
on H1: Right Chart
EURAUD has been overall bearish medium-term. However, it is diving inside the daily support zone.
🏹 For the bulls to take over, for a potential shift in momentum, we need a break above the last major high in gray and upper orange trendline.
Meanwhile, EURAUD can still trade lower.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
on DAILY: Left Chart
As per my last analysis, we know that EURAUD is sitting around a strong rejection zone as it is the intersection of a horizontal support in blue and a non-horizontal support in red.
So we will be looking for buy setups on lower timeframes.
on H1: Right Chart
EURAUD has been overall bearish medium-term. However, it is diving inside the daily support zone.
🏹 For the bulls to take over, for a potential shift in momentum, we need a break above the last major high in gray and upper orange trendline.
Meanwhile, EURAUD can still trade lower.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Trading Made Simple; and Rule-Based
www.RichTL.com
Instagram:
www.instagram.com/richthesignalyst
Telegram:
www.t.me/thesignalyst
Best CFD broker
cutt.ly/TickmillReal
www.RichTL.com
Instagram:
www.instagram.com/richthesignalyst
Telegram:
www.t.me/thesignalyst
Best CFD broker
cutt.ly/TickmillReal