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.
Comments
NathanGittens
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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