EURUSD top-down analysis!
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on DAILY: EURUSD is sitting around strong resistance in green so we will be looking for sell setups on lower timeframes.
on H1: EURUSD is forming a channel pattern in red so we are waiting for a new/third swing to form around it to consider it our trigger swing.
Trigger: Waiting for a momentum candle close below the gray area to sell.
and until the sell is activated, this one would be overall bullish and can still dive inside the green zone.
Unless EURUSD breaks above our green zone aggressively upward, then the momentum will be shifted from bearish to bullish.
As price approaches our lower blue support, we will be looking for buy setups.
Good luck!
on DAILY: EURUSD is sitting around strong resistance in green so we will be looking for sell setups on lower timeframes.
on H1: EURUSD is forming a channel pattern in red so we are waiting for a new/third swing to form around it to consider it our trigger swing.
Trigger: Waiting for a momentum candle close below the gray area to sell.
and until the sell is activated, this one would be overall bullish and can still dive inside the green zone.
Unless EURUSD breaks above our green zone aggressively upward, then the momentum will be shifted from bearish to bullish.
As price approaches our lower blue support, we will be looking for buy setups.
Good luck!
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RichTL.com
Instagram:
instagram.com/richthesignalyst
Telegram:
t.me/thesignalyst
Best CFD broker
cutt.ly/TickmillReal
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