Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
π 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.
πΉ 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.
π 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...)
π Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
π 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.
πΉ 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.
π 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...)
π 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
Buy CRGPT on Uniswap
cutt.ly/CRGPT
www.RichTL.com
My Telegram Channel
www.t.me/thesignalyst
Buy CRGPT on Uniswap
cutt.ly/CRGPT