EURAUD - Bearish... but not for long!

6月5日

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

As per our last EURAUD analysis, attached on the chart, it rejected the upper bound of the blue channel and traded lower.

What's next?

📈EURAUD is now retesting the lower bound of the channel.

Moreover, the blue zone is a strong demand.

🏹 Thus, the highlighted blue circle is a strong area to look for buy setups as it is the intersection of the lower blue trendline and demand.

📚 As per my trading style:
As #EURAUD is around 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

Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.

5 天前

交易結束：目標達成