EURAUD - Areas of Interest!

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

📈EURAUD has been overall bullish, trading within the rising channel marked in green, however it is currently retesting the upper bound of the channel.

Moreover, the red zone is a strong resistance zone.

📉 Thus, the highlighted red circle is a strong area to look for sell setups as it is the intersection of the resistance and upper blue trendline acting as a non-horizontal resistance.

📈 Moreover, as it retests the lower bound of the channel and blue support, I will be looking for longs.

For now, we wait!⏱️

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

Good luck!

All Strategies Are Good; If Managed Properly!
~Rich

Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.