Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
As per my last analysis, we were looking for buy setups around the 1.0 round number and demand zone.
Now What?
EURUSD is approaching the upper blue trendline acting as a non-horizontal resistance.
Moreover, the zone 1.04 - 1.05 is a strong resistance zone.
Thus, the highlighted purple circle with the red arrow is a strong area to look for trend-following sell setups as it is the intersection of the blue resistance and upper blue trendline.
As per my trading style:
As EURUSD approaches the upper purple circle, I will be looking for reversal bearish setups (like a double top pattern, trendline break , and so on...)
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
As per my last analysis, we were looking for buy setups around the 1.0 round number and demand zone.
Now What?
EURUSD is approaching the upper blue trendline acting as a non-horizontal resistance.
Moreover, the zone 1.04 - 1.05 is a strong resistance zone.
Thus, the highlighted purple circle with the red arrow is a strong area to look for trend-following sell setups as it is the intersection of the blue resistance and upper blue trendline.
As per my trading style:
As EURUSD approaches the upper purple circle, I will be looking for reversal bearish setups (like a double top pattern, trendline break , and so on...)
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
This analysis is done using RichTL
www.RichTL.com
My Telegram Channel
www.t.me/thesignalyst
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www.RichTL.com
My Telegram Channel
www.t.me/thesignalyst
Support Bright Ideas Through Decentralised Crowdfunding
ideaology.io
Buy CRGPT on Uniswap
cutt.ly/CRGPT