Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 EURUSD has been overall bullish short-term, trading within the rising wedge pattern in blue.
Currently, EURUSD is hovering around the lower bound of the wedge pattern.
Moreover, it is retesting a strong support zone in blue.
🏹 Thus, the highlighted blue circle is a strong area to look for buy setups as it is the intersection of the blue support and lower blue trendline.
📚 As per my trading style:
As #EURUSD approaches the blue circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
📈 EURUSD has been overall bullish short-term, trading within the rising wedge pattern in blue.
Currently, EURUSD is hovering around the lower bound of the wedge pattern.
Moreover, it is retesting a strong support zone in blue.
🏹 Thus, the highlighted blue circle is a strong area to look for buy setups as it is the intersection of the blue support and lower blue trendline.
📚 As per my trading style:
As #EURUSD approaches the blue circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Trade closed: target reached