TheSignalyst

EURUSD - Follow the Flow πŸ„πŸ»β€β™‚οΈ

Short
FX:EURUSD   Euro / U.S. Dollar
Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.

πŸ“ˆ EURUSD has been overall bearish, trading within the falling channel in red.

At present, EURUSD is approaching the upper bound of the channel acting as a non-horizontal resistance.

Moreover, it is retesting a strong supply zone in green.

🏹 Thus, the highlighted red circle is a strong area to look for sell setups as it is the intersection of the green supply and upper red trendline.

πŸ“š As per my trading style:
As #EURUSD approaches the circle zone, I will be looking for bearish reversal setups (like a double top pattern, trendline break , and so on...)

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

Good luck!

All Strategies Are Good; If Managed Properly!
~Rich

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