EURCHF - My Trading Plan in a picture
Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
EURCHF is overall bullish trading inside the orange wedge pattern.
As per my trading style/plan;
Here are the two strong zones where I will be looking for high probability buy setups:
I call them War Zones, (highlighted in Purple circles)
Zone 1: (around 1.02)
This highlighted purple circle is a strong area to look for buy setups as it is the intersection of the green demand zone and lower orange trendline. (acting as non-horizontal support)
unless it is broken downward, then our next support would be around 1.00
Zone 2: (around 1.060)
This highlighted purple circle is a strong area to look for sell setups as it is the intersection of the blue resistance and upper orange trendline. (acting as non-horizontal resistance)
As per my trading style:
As EURCHF approaches one of the purple circles, I will be looking for reversal setups (like a double bottom /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
EURCHF is overall bullish trading inside the orange wedge pattern.
As per my trading style/plan;
Here are the two strong zones where I will be looking for high probability buy setups:
I call them War Zones, (highlighted in Purple circles)
Zone 1: (around 1.02)
This highlighted purple circle is a strong area to look for buy setups as it is the intersection of the green demand zone and lower orange trendline. (acting as non-horizontal support)
unless it is broken downward, then our next support would be around 1.00
Zone 2: (around 1.060)
This highlighted purple circle is a strong area to look for sell setups as it is the intersection of the blue resistance and upper orange trendline. (acting as non-horizontal resistance)
As per my trading style:
As EURCHF approaches one of the purple circles, I will be looking for reversal setups (like a double bottom /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
Trading Made Simple; and Rule-Based
RichTL.com
Instagram:
instagram.com/richthesignalyst
Telegram:
t.me/thesignalyst
Best CFD broker
cutt.ly/TickmillReal
RichTL.com
Instagram:
instagram.com/richthesignalyst
Telegram:
t.me/thesignalyst
Best CFD broker
cutt.ly/TickmillReal
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