[Trade Setup 2] Buy EURUSD from an area of discount

Buy setup idea for EURUSD : Price has created an unmitigated OB+ on 4H when it reacted off a Daily Breaker+. Since Monthly/Weekly/Daily are all up, we want to wait for price to come to a discount area as shown, before going long.

Trade Setup on 4H
Setup on 4H
Daily chart
Daily chart
Weekly chart
Weekly chart
Monthly chart
Monthly chart

Trade setup confluences

  • 4H rejected from a D Breaker+
  • Well within 50% discount area of recent up move
  • In sync with M/W/D
  • Good unmitigated OB on 200R
Setup on 200 Range chart
Setup on 200 Range chart

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