Trade idea for Bull on EURUSD
EURUSD - Daily
Market on the Daily is bullish with the 21EMA above the 55 with good seperation of the EMA's. the 5 EMA is also above the 8, however we aare seein bearish candles currently which could find dynamic support when it reaches the 21.
EURUSD - H4
On the H4, the market is sideways at the moment, with price also bearish as the 5EMA is below the 8EMA, we are seeing price heading towards WM2 where bulls would be looking to enter buy possitions. Im placing a buy order just above WM2 @ 1.19525, placing my stop well below WS1, and my take profit just below WM4 @ 1.21592