TheSignalyst

EURAUD - Buy Setup Forming!

Long
OANDA:EURAUD   Euro / Australian Dollar
Hello everyone, if you like the idea, do not forget to support with a like and follow.

EURAUD is sitting around strong support in blue from Weekly so we will be looking for buy setups on lower timeframes.

on H4: EURAUD formed a valid channel pattern in red so we are waiting for a new swing high to form around our upper red trendline to consider it our trigger swing. (projection in purple)

Trigger => Waiting for that swing to form and then buy after a momentum candle close above it (gray zone)

Until the buy is activated, EURAUD would be overall bearish and can still break the support downward.

Good luck!

~Rich
This analysis is done using RichTL indicator
http://www.RichTL.com

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Comments

Amazing work here! Thanks
+2 Reply
TheSignalyst Serana2324
@Serana2324 thanks dear Serana
Reply
good job 👍
+2 Reply
@Babenski babenski 👑
Reply
Learned a lot in here
+2 Reply
TheSignalyst Rackelle_M1
@Rackelle_M1 thank you soo much
Reply
Good analysis, it seem like it will go up!
+2 Reply
TheSignalyst financialflagship
@financialflagship thanks brother flagship
Reply
it will be a perfect entry. Great work
+2 Reply
TheSignalyst Aadil1000x
@Aadil1000x, Thank you Aadil :D
Reply
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