Below I will describe a trade pattern I use to do medium term trading that can last upto a maximum of 3 months.

Here is how to set it up:

1. Open a EUR/USD daily chart.
2. Draw 3 Moving Average Lines, (20 - Orange, 50 - Pink, 100 - black).

Rules:

1. When the Orange Line crosses the Pink, followed by crossing the Black and the lines are in sequence, ie orange, pink, black for long or black, pink or orange for short we can enter a trade given the distance between orange and black is no more then 200 points.
2. Set the stop loss to be at what the black line is set to.
3. Set take profit to be 1000 points above/below.
4. Set an expiry date of 3 months ahead.

This is it! So far the EUR/USD have had 5 patterns like this from 2004 and it has been successful all 5 times.

The track record is not as strong with other pairs using this system, so my advice is to only use this strategy with EUR/USD pair.