TheSignalyst

EURUSD update and waiting for the sell setup to form

FX:EURUSD   Euro / Dollar Américain
on DAILY: as expected, price rejected our blue support and traded higher, and it is now retesting our upper green resistance so we will be looking for objective sell setups on lower timeframes as price approaches it.

on H4: we are currently holding a buy after a momentum break above the last swing that formed around our upper red trendline.

on H1: this one is overall bullish forming a channel in orange so we will keep holding our buy from H4, until the price forms a new swing around our lower orange trendline and breaks it downward. then we will close our buy and sell this one.

This analysis is done using RichTL
www.RichTL.com

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