Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
Weekly: Left Chart
EURCHF is approaching a strong support and lower brown trendline acting as an oversold area so we will be looking for buy setups on lower timeframes.
H1: Right Chart
EURCHF is forming a channel in red but it is not valid yet, so we are waiting for a new swing high to form around it to consider it out trigger swing (projection in purple)
Trigger => Waiting for that swing high to form then buy after a momentum candle close above it. (gray area)
Meanwhile, until the buy is activated, EURCHF can still trade lower inside the support zone.
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Weekly: Left Chart
EURCHF is approaching a strong support and lower brown trendline acting as an oversold area so we will be looking for buy setups on lower timeframes.
H1: Right Chart
EURCHF is forming a channel in red but it is not valid yet, so we are waiting for a new swing high to form around it to consider it out trigger swing (projection in purple)
Trigger => Waiting for that swing high to form then buy after a momentum candle close above it. (gray area)
Meanwhile, until the buy is activated, EURCHF can still trade lower inside the support zone.
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Trade Made Simple
RichTL.com
Instagram:
instagram.com/richthesignalyst
Telegram
t.me/thesignalyst
Best CFD broker - Tickmill
cutt.ly/TickmillReal
CFD Broker - TradeNation
cutt.ly/GrTivmRC
RichTL.com
Instagram:
instagram.com/richthesignalyst
Telegram
t.me/thesignalyst
Best CFD broker - Tickmill
cutt.ly/TickmillReal
CFD Broker - TradeNation
cutt.ly/GrTivmRC
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Trade Made Simple
RichTL.com
Instagram:
instagram.com/richthesignalyst
Telegram
t.me/thesignalyst
Best CFD broker - Tickmill
cutt.ly/TickmillReal
CFD Broker - TradeNation
cutt.ly/GrTivmRC
RichTL.com
Instagram:
instagram.com/richthesignalyst
Telegram
t.me/thesignalyst
Best CFD broker - Tickmill
cutt.ly/TickmillReal
CFD Broker - TradeNation
cutt.ly/GrTivmRC
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.