Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈EURCHF has been bearish trading within the falling channel in blue.
Currently, EURCHF is approaching the upper bound of the channel.
Moreover, the red zone is a strong resistance and structure.
🏹 Thus, the highlighted red circle is a strong area to look for sell setups as it is the intersection of the red structure and upper blue trendline.
📚 As per my trading style:
As #EURCHF approaches the red circle zone, I will be looking for bearish reversal setups (like a double top 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
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