The underlying trend on the EUR is bullish
. The trend on the hourly which is the day trading frame is as well bullish
. Drilling down to lower time frames is an effective way to find a reason for entry, which is what was done here. A potential 3-Drive
pattern on the 15M completing at previous swing lows on both day trading frames, and swing trading ones, good RvR
, and fibonacci confluence
in more or less the same area gives us that reason for entry.