Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
Here is a detailed update top-down analysis for EURUSD.
Which scenario do you think is more likely to happen? and Why?
Always follow your trading plan regarding entry, risk management, and trade management.
Good Luck!.
All Strategies Are Good; If Managed Properly!
~Rich
as expected, price rejected our upper green trendline and traded lower.
and since price didn't break above our orange resistance, we are still overall bearish.
price is retesting our green trendline again so we will be looking for objective sell setups on lower timeframes.
Unless price breaks our orange trendline objectively, then we will be looking for...
