EURUSD - Do Not Sell Now - still waiting for a trigger to sell
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on DAILY: EURUSD is sitting around a strong resistance zone in green so we will be looking for sell setups on lower timeframes.
on H1: EURUSD formed a channel in red so we are still waiting for a momentum candle close below its last swing (in gray) to sell this one.
Trigger: Waiting for a momentum candle close below the gray area to sell.
DO NOT SELL NOW => because until the sell is activated, this one would be overall bullish and can still dive inside the green zone before going down.
As price approaches our lower brown trendline, we will be looking for buy setups.
Good luck!
~Rich
on DAILY: EURUSD is sitting around a strong resistance zone in green so we will be looking for sell setups on lower timeframes.
on H1: EURUSD formed a channel in red so we are still waiting for a momentum candle close below its last swing (in gray) to sell this one.
Trigger: Waiting for a momentum candle close below the gray area to sell.
DO NOT SELL NOW => because until the sell is activated, this one would be overall bullish and can still dive inside the green zone before going down.
As price approaches our lower brown trendline, we will be looking for buy setups.
Good luck!
~Rich
This analysis is done using RichTL
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www.RichTL.com
My Telegram Channel
www.t.me/thesignalyst
Best CFD broker
cutt.ly/TickmillReal
