EURAUD - Wait For The Bulls ๐Ÿšƒ

FX:EURAUD   Euro / Australian Dollar
Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.

EURAUD is overall bullish trading inside the rising channel in red, and we are currently in a correction phase approaching the lower red trendline.

Moreover, the zone 1.60 is a support zone .

๐Ÿน So the highlighted purple circle is a strong area to look for buy setups as it is the intersection of the blue support and lower red trendline.

As per my trading style:
As EURAUD is sitting around the purple circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)

๐Ÿ“š Always follow your trading plan regarding entry, risk management, and trade management.

Good luck!

All Strategies Are Good; If Managed Properly!

This analysis is done using RichTL

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