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EURUSD is sitting around strong support in blue so we will be looking for buy setups.
on H1: EURUSD is forming a channel in red, so we are waiting for a new swing high to form around it 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)
Meanwhile, until the buy is activated, EURUSD would be overall bearish can still trade lower till the lower blue support before going up.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
EURUSD is sitting around strong support in blue so we will be looking for buy setups.
on H1: EURUSD is forming a channel in red, so we are waiting for a new swing high to form around it 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)
Meanwhile, until the buy is activated, EURUSD would be overall bearish can still trade lower till the lower blue support before going up.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
This analysis is done using RichTL
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www.RichTL.com
My Telegram Channel
www.t.me/thesignalyst
Buy CRGPT on Uniswap
cutt.ly/CRGPT