EURUSD - 📈 => 📉

Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.

As per my last analysis (attached on the chart), EURUSD rejected our blue circle zone and traded higher.

What's next?

📈 EURUSD has been overall bearish long-term, trading within the falling wedge pattern in red.

Currently, EURUSD is approaching the upper bound of the wedge pattern.

Moreover, the green zone is a strong resistance.

🏹 Thus, the highlighted red circle is a strong area to look for sell setups as it is the intersection of the green resistance and upper red trendline.

📚 As per my trading style:
As #EURUSD approaches the red circle zone, I will be looking for bearish reversal setups (like a double 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

Trade geschlossen: Ziel wurde erreicht