CyberFxTrader

100 pip mission — EURUSD long.

Long
OANDA:EURUSD   Euro / US-Dollar
I expect EUR to power over USD in the next couple of days because of the most recent and previous data. I marked two channel patterns, market likes and tends to try and replicate previous movements and I see them to be significant in terms of structure and momentum. For the whole September month, the price has been in a downtrend, as the October month started, price is showing more bullish movement and still does. I placed a trend line and price has shown it to be a valid zone because it made three strong reactions. That makes it possible now to use as a breakout zone.
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