SuperMush
Long

EURUSD Long Bias. (Supply-Demand: Price Action Strategy)

FX:EURUSD   Euro Fx/U.S. Dollar
389 2 5
Currencies : EUR/USD            
Action : BUY
Trading Time Frame : Daily
Entry Area : 1.0420-1.0960
Entry Area 2 : 1.0910-1.0840
Stop Loss : 1.0810
Stop Loss 2 : 1.0690
Take Profit Area : 1.1430-1.1330

Trade Reason:
-Analysis is done through multiple time frame.
- In monthly TF, price has no clear direction and squeeze itself in a range. (Ranging)
- Weekly TF, price is making higher high and an uptrend is formed. (Slightly Up)
- Daily TF, a down-trend (drawn from 29/6/15 peak to 31/7/15 peak) has been broken up which indicates bullish sign of Euro             . (Retest and Strong Up)
- Support : USD index has provided bearish signal.
NathanGittens
a year ago
also got into this setup, my tl was drawn a bit different to yours but i realised it had be altered after i posted my analysis
eur use long from demand zone broken tl
Reply
SuperMush NathanGittens
a year ago
Well, seem like u hv nice profit too. Cheers!
Reply
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