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EURAUD - Buy Setup Forming!

Hello everyone, if you like the idea, do not forget to support with a like and follow.

EURAUD is approaching 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 but we want it to approach the Daily blue support to look for buy setups, so we will be 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 dive inside the blue support.
and since EURAUD is sitting around support, we will also be looking for buy setups on lower timeframes like M30.

And of course, as EURAUD approaches our upper green daily resistance, we will be looking for sell setups.

Good luck!

~Rich

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