Technical levels: support – 1.2360; resistance – 1.2400, 1.2420, 1.2470.
Trade recommendations:
1. Buy — 1.2360; SL — 1.2340; TP1 — 1.2420; TP2 — 1.2470.
Reason: narrowing bearish Ichimoku Cloud, rising Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen; the prices are fixed above the Cloud, but the market still is overbought.
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Hello again my friends, it’s time for another episode of “What to Trade,” this time, for the month of April. As usual, I present to you some of my most anticipated trade ideas for the month of April, according to my technical analysis style. I therefore encourage you to do your due diligence, as always, and manage your risks appropriately.
Bearish scenario: Sell below 1.0820 / 1.0841... Bullish scenario: Buy above 1.0827...
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