TheSignalyst

EURUSD - Purple War Zone

FX:EURUSD   Euro / Dollar AS
EURUSD rejected our green supply zone and traded lower. EURUSD is now approaching our lower brown trendline so we will be looking for buy setups.

Moreover, the area 1.160 - 1.165 is a "Resistance turned into Support".

So the highlighted purple circle is a strong area to look for buy setups as it is the intersection of the green support and lower brown trendline.

As per my trading style:
I will be waiting for it to approach the highlighted purple circle area to look for buy setups (like a double bottom , 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

This analysis is done using RichTL
www.RichTL.com

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