EURUSD – Top-Down Analysis!

EURUSD – Top-Down Analysis!

DAILY: Left ChartAs per my last analysis, EURUSD is approaching a strong support zone in green and the lower orange trendline so we will be looking for buy setups
H1: Right Chart
EURUSD is forming a trendline in red but it is not valid yet, so we are waiting for a new swing high to form around it to consider it our trigger swing. (projection in purple)

EURUSD Chart
Trigger => Waiting for that swing to form and then buy after a momentum candle close above it (gray zone)


Meanwhile, until the buy is activated, EURUSD can still trade lower inside the horizontal green support.


Always follow your trading plan regarding entry, risk management, and trade management.


Good luck!

All Strategies Are Good; If Managed Properly!
~Rich

Richard Nasr

Richard Nasr

- Full-time Trader, Coach, and Founder of theSignalyst with 400+ Students Worldwide.
- Founder of RichTL, which is the first and only indicator of its kind to help traders make Objective Technical Analysis.
- TOP author on TradingView platform
- NewsCrypto.io Ambassador and Educator
- Featured on Influencive as one of the TOP 10 Forex Mentors in 2021
- Featured on many websites like Yahoo!, Market Watch, and Digital Journal