Previously, this one was pretty straightforward.☀️
📉As EURAUD approached the upper bound of the falling channel, the bias was clear, we were looking for shorts, and price reacted perfectly from that area.
Fast forward to now, and context has changed.
Price has pushed all the way down into a strong confluence:
• The lower bound of the falling channel
• The previous weekly low (also demand zone)
At the moment, we’re seeing rejection from the lower channel, suggesting selling pressure may be slowing down.
⚔️As long as this area continues to hold, my focus shifts from selling rallies to looking for longs, targeting a rotation back toward higher levels inside the range.
This doesn’t mean blind buying... it means waiting for confirmation on lower timeframes and letting the market prove that bulls are stepping in.
⚠️ Disclaimer: This is not financial advice. Always do your own research and manage risk properly.
📚 Stick to your trading plan regarding entries, risk, and management.
Good luck! 🍀
All Strategies Are Good; If Managed Properly!
~Richard Nasr
📉As EURAUD approached the upper bound of the falling channel, the bias was clear, we were looking for shorts, and price reacted perfectly from that area.
Fast forward to now, and context has changed.
Price has pushed all the way down into a strong confluence:
• The lower bound of the falling channel
• The previous weekly low (also demand zone)
At the moment, we’re seeing rejection from the lower channel, suggesting selling pressure may be slowing down.
⚔️As long as this area continues to hold, my focus shifts from selling rallies to looking for longs, targeting a rotation back toward higher levels inside the range.
This doesn’t mean blind buying... it means waiting for confirmation on lower timeframes and letting the market prove that bulls are stepping in.
⚠️ Disclaimer: This is not financial advice. Always do your own research and manage risk properly.
📚 Stick to your trading plan regarding entries, risk, and management.
Good luck! 🍀
All Strategies Are Good; If Managed Properly!
~Richard Nasr
📊I help you turn charts into a career
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theSignalyst.com
Telegram
t.me/thesignalyst
Trusted Crypto Exchange
cutt.ly/qtwKuPaJ
Trusted CFD Broker
cutt.ly/TickmillReal
Trusted Crypto Prop Firm
cutt.ly/Hyrotrader
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.
📊I help you turn charts into a career
theSignalyst.com
Telegram
t.me/thesignalyst
Trusted Crypto Exchange
cutt.ly/qtwKuPaJ
Trusted CFD Broker
cutt.ly/TickmillReal
Trusted Crypto Prop Firm
cutt.ly/Hyrotrader
theSignalyst.com
Telegram
t.me/thesignalyst
Trusted Crypto Exchange
cutt.ly/qtwKuPaJ
Trusted CFD Broker
cutt.ly/TickmillReal
Trusted Crypto Prop Firm
cutt.ly/Hyrotrader
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.