DAY TRADING! Contraction & Expansion Strategy! BUY EURUSD

Okay so I’m bullish on this currency pair on a higher time frame and the last bullish contraction and expansion strategy on a lower time frame worked out well and now we have another bullish contraction and expansion strategy so let’s see if this will be another good one!

I’m expecting the market to rally to at least 1.0990 but expect a little bit of resistance when we get to the middle line of the contraction, that’s where you might want to move stops to breakeven and see if the market will continue higher.

I’ve attached the last couple of analysis I did on this currency pair so feel free to check them out also!

Any opposing comments, views, arguments or feedbacks are welcomed!

Happy trading guys

Komen:

This is a taste of what you can expect

Komen:

And the big picture