Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
WEEKLY: Left Chart
EURUSD is overall bearish however, it is approaching a strong support zone in blue so we will be looking for buy setups on lower timeframes.
H1: Right Chart
EURUSD is forming an inverse head and shoulders pattern but it is not ready to go yet.
Trigger => For the bulls to take over, we need a momentum candle close above the gray neckline.
Meanwhile, until the buy is activated, EURUSD can still trade lower inside the support or even breaks it downward.
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
WEEKLY: Left Chart
EURUSD is overall bearish however, it is approaching a strong support zone in blue so we will be looking for buy setups on lower timeframes.
H1: Right Chart
EURUSD is forming an inverse head and shoulders pattern but it is not ready to go yet.
Trigger => For the bulls to take over, we need a momentum candle close above the gray neckline.
Meanwhile, until the buy is activated, EURUSD can still trade lower inside the support or even breaks it downward.
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
My Telegram Channel
www.t.me/thesignalyst
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www.RichTL.com
My Telegram Channel
www.t.me/thesignalyst
Best CFD broker
cutt.ly/TickmillReal
