EURUSD - Purple War Zone!

Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.

EURUSD is overall bearish trading inside our orange channel, however, it is currently approaching the lower orange trendline.

Moreover, the area 1.08 - 1.09 is a "Resistance turned into Support".

So the highlighted purple circle is a strong area to look for buy setups as it is the intersection of the green support and lower orange trendline.

As per my trading style:
I will be waiting for it to approach the highlighted purple circle area to look for buy setups (like a double bottom, 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