Here we are on Euro/Dollar daily chart
and as we can see this pair is in range and if we zoom out daily chart
we have long term bullish trend
. On last daily session closing this pair had formed Bullish
fakey setup with 2 bar reversal / Bullish engulfing
setup. As for this trading scenario we have good confluence factors supporting it such as Bullish trend
, Horizontal (static) level 1.2177-1.2214, trend line
that is holding since April-2017 and buy signal itself. we will be getting in longs from here. safe trading everyone!