Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
EURUSD is overall bearish trading inside our red channel, However, it is currently approaching a very strong support area.
The highlighted purple circle is a strong area to look for buy setups as it is the intersection of:
1- Green Horizontal Support
2- Lower Red Trendline acting as an over-sold area
3- Lower Brown Trendline acting as non-horizontal support
What I call "Trio Retest"
As per my trading style:
As EURUSD approaches 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
EURUSD is overall bearish trading inside our red channel, However, it is currently approaching a very strong support area.
The highlighted purple circle is a strong area to look for buy setups as it is the intersection of:
1- Green Horizontal Support
2- Lower Red Trendline acting as an over-sold area
3- Lower Brown Trendline acting as non-horizontal support
What I call "Trio Retest"
As per my trading style:
As EURUSD approaches 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
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.