EURAUD - Looking For Trend-Following Buy Setups↗️

25 wrz 2023

Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.

EURAUD has been overall bullish trading inside the rising channel in orange, and it is currently approaching the lower bound of the channel.

Moreover, the zone 1.63 is a strong support.

🏹 So the highlighted orange circle is a strong area to look for trend-following buy setups as it is the intersection of the green support and lower orange trendline acting as a non-horizontal support.

As per my trading style:
As EURAUD approaches the lower orange 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