EURNZD - Follow The Flow đ
Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
đ EURNZD has been overall bearish, trading within the falling channel in red.
Currently, EURNZD is approaching the upper bound of the channel acting as a non-horizontal resistance.
Moreover, it is retesting the upper bound of the short-term channel in blue.
đč Thus, the highlighted red circle is a strong area to look for sell setups as it is the intersection of the red and blue trendlines.
đ As per my trading style:
As #EURNZD approaches the red circle zone, I will be looking for bearish reversal setups (like a double top pattern, trendline break , and so on...)
đ Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
đ EURNZD has been overall bearish, trading within the falling channel in red.
Currently, EURNZD is approaching the upper bound of the channel acting as a non-horizontal resistance.
Moreover, it is retesting the upper bound of the short-term channel in blue.
đč Thus, the highlighted red circle is a strong area to look for sell setups as it is the intersection of the red and blue trendlines.
đ As per my trading style:
As #EURNZD approaches the red circle zone, I will be looking for bearish reversal setups (like a double top pattern, trendline break , and so on...)
đ Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Trade stÀngt: mÄlet nÄtt