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

2 thoughts on “EURUSD – Technical Analasys trade idea”

  1. Dimitar Ivanov says:

    Thank you for the post.

    I also have a question that I would like to address to all the members in here.

    Currently I have a serious problems with Tradersway. On the 29th I was incorrectly stopped on 3 trades, as tradersway had some technical issues, and displayed incorrect data. However, now I have been waiting for 2 weeks, for them to refund me the money. Not only they have not done so, but nobody has ever responded to my emails. I have provided id orders, and proof that I should have never been stopped out. I can’t believe how poor the customer service is. Can someone advise me on how to get my money back?

  2. Charles Bidner says:

    Thanks for the post Ian. If you look left it also appears the WM2 is a resistance level, now support (?) plus stocks is oversold. Unfortunately i am away from my charts to give the trade a crack. Thanks again.

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