Hello TradingView Family / Fellow Traders,
On Daily: Left Chart
EURAUD has been hovering within a big range between our blue support and red resistance.
Currently, EURAUD is approaching the lower bound of the range, so we will be looking for buy setups on lower timeframes.
On 1H: Right Chart
📈 For the bulls to take over, we need a momentum candle close below above the last major high highlighted in gray.
📉 Meanwhile, EURAUD would be bearish short-term and can still trade lower inside the daily support.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Richard Nasr
On Daily: Left Chart
EURAUD has been hovering within a big range between our blue support and red resistance.
Currently, EURAUD is approaching the lower bound of the range, so we will be looking for buy setups on lower timeframes.
On 1H: Right Chart
📈 For the bulls to take over, we need a momentum candle close below above the last major high highlighted in gray.
📉 Meanwhile, EURAUD would be bearish short-term and can still trade lower inside the daily support.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Richard Nasr
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This analysis is done using RichTL
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www.RichTL.com
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www.t.me/thesignalyst
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