EURUSD - Trend-Following Buy Setup ↗️

11 déc. 2023

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

EURUSD has been overall bullish making higher highs and higher lows, and it is currently in a correction phase retesting the red trendline.

Moreover, it is approaching a strong demand zone 1.067

🏹 So the highlighted blue circle is a strong area to look for buy setups as it is the intersection of the green demand and red trendline acting as a non-horizontal support.

As per my trading style:
As EURUSD approaches the blue 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