Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
đ As per my last analysis, attached on the chart, EURUSD rejected the upper red circle zone and traded lower.
Currently, EURUSD is approaching the lower bound of the red wedge pattern.
Moreover, the $1.07 is a strong support.
đč Thus, the highlighted red circle with the blue arrow is a strong area to look for buy setups as it is the intersection of the blue support and lower red trendline.
đ 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...)
đ Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
đ As per my last analysis, attached on the chart, EURUSD rejected the upper red circle zone and traded lower.
Currently, EURUSD is approaching the lower bound of the red wedge pattern.
Moreover, the $1.07 is a strong support.
đč Thus, the highlighted red circle with the blue arrow is a strong area to look for buy setups as it is the intersection of the blue support and lower red trendline.
đ 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...)
đ Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich