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.
