Technical levels: support – 112.40; resistance – 113.00, 113.35.
Trade recommendations:
1. Buy — 112.40/50; SL — 112.20; TP1 — 113.00; TP2 — 113.350.
Reason: expanding bearish Ichimoku Cloud; a dead cross of Tenkan-sen and Kijun-sen; the prices are on the support of 112.40; the market is oversold.
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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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