EURAUD - OverSold Zone Ahead 👌

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

EURAUD is overall bearish trading inside the falling channel in red, and we are currently approaching the lower bound.

Moreover, the zone 1.590 is a support zone .

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

As per my trading style:
As EURAUD is sitting around the purple circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, 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