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TheSignalyst
Feb 8, 2023 11:01 AM

EURUSD - Trend-Following Setup! Long

Euro Fx/U.S. DollarFXCM

Description

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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
Comments
JoeChampion
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Nice RR there, thank you mate!
FerrariLover123
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trend following is the only way to go! good outlook man! ;)
InvestingScope
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Quality analysis and explanation of this scenario. Sharing is the essence of this platform, so here is our analysis as well:
MonoCoinSignal
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Awesome view
basictradingtv
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Exellent analysis as always!
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