EURAUD - Buy Setup Forming!

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!

This analysis is done using RichTL indicator

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