EURAUD - Trend-Following Setup!EURAUD is overall bearish and currently approaching a resistance area, so we will be looking for trend-following sell setups

EURAUD - Trend-Following Setup!EURAUD is overall bearish and currently approaching a resistance area, so we will be looking for trend-following sell setups

on H1: EURAUD is forming a channel in red but the lower trendline is not valid yet, so we will be waiting for a third swing to form around it to consider it our trigger swing. (Projection in purple)

EURAUD Chart


Trigger =>
Waiting for that third swing to form then sell after a momentum candle close below it. (Gray area)

Meanwhile, until the sell is activated, EURAUD can still trade higher till the green resistance, before trading lower.


Good luck!

All Strategies Are Good; If Managed Properly!

~Rich

Richard Nasr

Richard Nasr

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