Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
on H4: Left Chart
EURUSD is overall bullish trading inside the rising red channel and now sitting around the lower trendline so we will be looking for buy setups on lower timeframes.
on M30: Right Chart
EURUSD is forming an inverse head and shoulders pattern but it is not ready to go yet.
🏹Trigger => for the bulls to take over, we need a momentum candle close above the gray neckline.
Meanwhile, until the buy is activated, EURUSD can still trade lower.
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
on H4: Left Chart
EURUSD is overall bullish trading inside the rising red channel and now sitting around the lower trendline so we will be looking for buy setups on lower timeframes.
on M30: Right Chart
EURUSD is forming an inverse head and shoulders pattern but it is not ready to go yet.
🏹Trigger => for the bulls to take over, we need a momentum candle close above the gray neckline.
Meanwhile, until the buy is activated, EURUSD can still trade lower.
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
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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