Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 EURAUD has been overall bullish, trading within the flat rising channel in red.
At present, EURAUD is approaching the upper bound of the channel acting as an over-bought zone.
Moreover, it is retesting the upper bound of the short-term channel marked in blue.
🏹 Thus, the highlighted red circle is a strong area to look for sell setups as it is the intersection of the upper blue and red trendlines.
📚 As per my trading style:
As #EURAUD approaches the circle zone, I will be looking for bearish reversal setups (like a double top 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
📈 EURAUD has been overall bullish, trading within the flat rising channel in red.
At present, EURAUD is approaching the upper bound of the channel acting as an over-bought zone.
Moreover, it is retesting the upper bound of the short-term channel marked in blue.
🏹 Thus, the highlighted red circle is a strong area to look for sell setups as it is the intersection of the upper blue and red trendlines.
📚 As per my trading style:
As #EURAUD approaches the circle zone, I will be looking for bearish reversal setups (like a double top 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
Trade fermée: cible de profit atteinte:
Trading Made Simple; and Rule-Based
www.RichTL.com
Instagram:
www.instagram.com/richthesignalyst
Telegram:
www.t.me/thesignalyst
Best CFD broker
cutt.ly/TickmillReal
www.RichTL.com
Instagram:
www.instagram.com/richthesignalyst
Telegram:
www.t.me/thesignalyst
Best CFD broker
cutt.ly/TickmillReal