Hello everyone, if you like the idea, do not forget to support with a like and follow.
EURUSD is overall bearish trading inside the brown channel, and it is currently sitting around the upper trendline, so we will be looking for short-term trend-following sell setups.
EURUSD is forming a channel in blue (but it is not valid yet) so we will be waiting for a new swing low to form around our lower trendline to consider it our trigger swing. (projection in purple) and then and only then, the reversal setup would be ready and confirmed after a momentum candle-close below the last swing low (gray area).
Trigger: Waiting for a momentum candle close below the gray area to sell.
and until the sell is activated, this one would be overall bullish and can still break the channel upward.
Good luck!
~Rich
EURUSD is overall bearish trading inside the brown channel, and it is currently sitting around the upper trendline, so we will be looking for short-term trend-following sell setups.
EURUSD is forming a channel in blue (but it is not valid yet) so we will be waiting for a new swing low to form around our lower trendline to consider it our trigger swing. (projection in purple) and then and only then, the reversal setup would be ready and confirmed after a momentum candle-close below the last swing low (gray area).
Trigger: Waiting for a momentum candle close below the gray area to sell.
and until the sell is activated, this one would be overall bullish and can still break the channel upward.
Good luck!
~Rich
Trade Made Simple
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RichTL.com
Instagram:
instagram.com/richthesignalyst
Telegram
t.me/thesignalyst
Best CFD broker - Tickmill
cutt.ly/TickmillReal
Kucoin Exchange
kucoin.com/r/af/signalyst
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
Kucoin Exchange
kucoin.com/r/af/signalyst
RichTL.com
Instagram:
instagram.com/richthesignalyst
Telegram
t.me/thesignalyst
Best CFD broker - Tickmill
cutt.ly/TickmillReal
Kucoin Exchange
kucoin.com/r/af/signalyst
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.