EURUSD Long Bias. (Supply-Demand: Price Action Strategy)
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.
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.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.