Hello everyone, if you like the idea, do not forget to support with a like and follow.
EURAUD is sitting around strong support in blue from Weekly so we will be looking for buy setups on lower timeframes.
on H4: EURAUD formed a valid channel pattern in red so we are waiting for a new swing high to form around our upper red trendline to consider it our trigger swing. (projection in purple)
Trigger => Waiting for that swing to form and then buy after a momentum candle close above it (gray zone)
Until the buy is activated, EURAUD would be overall bearish and can still break the support downward.
Good luck!
~Rich
EURAUD is sitting around strong support in blue from Weekly so we will be looking for buy setups on lower timeframes.
on H4: EURAUD formed a valid channel pattern in red so we are waiting for a new swing high to form around our upper red trendline to consider it our trigger swing. (projection in purple)
Trigger => Waiting for that swing to form and then buy after a momentum candle close above it (gray zone)
Until the buy is activated, EURAUD would be overall bearish and can still break the support downward.
Good luck!
~Rich
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www.RichTL.com
My Telegram Channel
www.t.me/thesignalyst
Best CFD broker
cutt.ly/TickmillReal