Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
π EURNZD has been overall bearish, trading within the falling channel in red.
Currently, EURNZD is approaching the upper bound of the channel acting as a non-horizontal resistance.
Moreover, it is retesting the upper bound of the short-term channel in blue.
πΉ Thus, the highlighted red circle is a strong area to look for sell setups as it is the intersection of the red and blue trendlines.
π As per my trading style:
As #EURNZD approaches the red circle zone, I will be looking for bearish reversal setups (like a double top pattern, trendline break , and so on...)
π Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
π EURNZD has been overall bearish, trading within the falling channel in red.
Currently, EURNZD is approaching the upper bound of the channel acting as a non-horizontal resistance.
Moreover, it is retesting the upper bound of the short-term channel in blue.
πΉ Thus, the highlighted red circle is a strong area to look for sell setups as it is the intersection of the red and blue trendlines.
π As per my trading style:
As #EURNZD approaches the red circle zone, I will be looking for bearish reversal setups (like a double top pattern, trendline break , and so on...)
π 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
This analysis is done using RichTL
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www.RichTL.com
My Telegram Channel
www.t.me/thesignalyst
Support Bright Ideas Through Decentralised Crowdfunding
ideaology.io
Buy CRGPT on Uniswap
cutt.ly/CRGPT