EURUSD has been making new higher highs on the H4 chart. The bulls look to be in control as the price is staying above the 20 Day SMA. Good thing is the price has been having a little consolidation before making a good move. This is what gives traders more confidence in taking entries. By looking at the other factors, it seems the pair is still with the bull on the H4 chart. Let us have a look at the H4 EURUSD chart.
This is another trade idea generated by the Elite Swing Trader.
Here’s how we want to approach this trade idea…
- Buy Stop Order: 0.86503
- Stop Loss: 0.86071
- Take Profit: 0.87003
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