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
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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Trusted CFD Broker
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Trusted Crypto Prop Firm
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📊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
免責事項
これらの情報および投稿は、TradingViewが提供または承認する金融、投資、取引、またはその他の種類の助言もしくは推奨であることを意図したものではなく、またこれらに該当するものでもありません。詳細は利用規約をご覧ください。