Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
EURUSD has been overall bullish making higher highs and higher lows, and it is currently in a correction phase retesting the red trendline.
Moreover, it is approaching a strong demand zone 1.067
🏹 So the highlighted blue circle is a strong area to look for buy setups as it is the intersection of the green demand and red trendline acting as a non-horizontal support.
As per my trading style:
As EURUSD approaches the blue 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 has been overall bullish making higher highs and higher lows, and it is currently in a correction phase retesting the red trendline.
Moreover, it is approaching a strong demand zone 1.067
🏹 So the highlighted blue circle is a strong area to look for buy setups as it is the intersection of the green demand and red trendline acting as a non-horizontal support.
As per my trading style:
As EURUSD approaches the blue 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
This analysis is done using RichTL
www.RichTL.com
My Telegram Channel
www.t.me/thesignalyst
Best CFD broker
cutt.ly/TickmillReal
www.RichTL.com
My Telegram Channel
www.t.me/thesignalyst
Best CFD broker
cutt.ly/TickmillReal