EURAUD - Doing It Again...

22 lis

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

📈EURAUD has been bearish trading within the falling channel in red.

Currently, EURAUD is approaching the lower bound of the channel.

Moreover, the zone marked in blue is a strong support.

🏹 Thus, the highlighted blue circle is a strong area to look for buy setups as it is the intersection of the support zone and lower trendline acting as non-horizontal support.

📚 As per my trading style:
As #EURAUD approaches the blue circle, 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

29 lis

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