TheSignalyst

EURUSD - Purple War Zone

FX:EURUSD   Euro / USA-dollar
EURUSD rejected our green supply zone and traded lower. EURUSD is now approaching our lower brown trendline so we will be looking for buy setups.

Moreover, the area 1.160 - 1.165 is a "Resistance turned into Support".

So the highlighted purple circle is a strong area to look for buy setups as it is the intersection of the green support and lower brown trendline.

As per my trading style:
I will be waiting for it to approach the highlighted purple circle area to look for buy setups (like a double bottom , 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

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