EURUSD BUY Daily/Swing trade opportunity HTF D - Curve Analysis using non-conventional Fib tool ITF 60 - Trend, Higher highs and lower lows made, trend line confirmation STF 15/30 - Levels of S&D
Looking from the bigger picture, price recently hit an area of HTF demand and is trending upwards. Will buy pullbacks on smaller timeframes into high quality demand. On smaller time frames 15,30 minutes there is a level on a level which looks good on both time frames as well as on the intermediate time frame. Levels are also in a higher time frame demand zone. Plan of action is to wait for arrival of price, watching on 15 minutes, if price starts to base before the area not leaving 3:1 then that cuts profit margin and the trade is invalid. If price declines quickly into the level then take a confirmation entry due to the level on level. Target 1 is just before opposing supply zone and target 2 is more for a swing opportunity. Also plotted in red are areas of possible sell opportunities.