Hello everyone, if you like the idea, do not forget to support with a like and follow.
EURUSD is overall bearish trading inside the blue channel and now it is approaching the upper trendline so we will be looking for sell setups on lower timeframes.
on H1: EURUSD is forming a trendline in red but it is not valid yet, so we will be waiting for a third swing to form around it. (projection in purple)
Trigger => Waiting for that swing to form then sell after a momentum candle close below it. (gray area)
Until the sell is activated, EURUSD would be overall bullish and can still trade higher.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
EURUSD is overall bearish trading inside the blue channel and now it is approaching the upper trendline so we will be looking for sell setups on lower timeframes.
on H1: EURUSD is forming a trendline in red but it is not valid yet, so we will be waiting for a third swing to form around it. (projection in purple)
Trigger => Waiting for that swing to form then sell after a momentum candle close below it. (gray area)
Until the sell is activated, EURUSD would be overall bullish and can still trade higher.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
This analysis is done using RichTL
www.RichTL.com
My Telegram Channel
www.t.me/thesignalyst
Best CFD broker
cutt.ly/TickmillReal
www.RichTL.com
My Telegram Channel
www.t.me/thesignalyst
Best CFD broker
cutt.ly/TickmillReal