TheSignalyst

EURUSD - Wait For The Bulls πŸ“ˆ

Long
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 wedge pattern in red.

Currently, EURUSD is approaching the lower bound of the wedge.

Moreover, it is retesting a strong support in green at $1.08.

🏹 Thus, the highlighted red circle is a strong area to look for buy setups as it is the intersection of the green support and lower red trendline.

πŸ“š As per my trading style:
As #EURUSD is hovering around the circle zone, I will be looking for bullish reversal setups (like a double bottom 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

This analysis is done using RichTL
www.RichTL.com

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