EURUSD – Trio Retest!EURUSD is overall bearish trading inside our red channel, However, it is currently approaching a very strong support area

EURUSD – Trio Retest!EURUSD is overall bearish trading inside our red channel, However, it is currently approaching a very strong support area

The highlighted purple circle is a strong area to look for buy setups as it is the intersection of:

1- Green Horizontal Support

2- Lower Red Trendline acting as an over-sold area

3- Lower Brown Trendline acting as non-horizontal support


What I call "Trio Retest"


As per my trading style:

As EURUSD approaches the purple circle zone, I will be looking for bullish reversal setups (like a double bottom 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

Richard Nasr

Richard Nasr

- Full-time Trader, Coach, and Founder of theSignalyst with 400+ Students Worldwide.
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