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.