Technical levels: support – 110.40, 109.90; resistance – 110.70, 111.00.
Trade recommendations:
1. Sell — 110.70; SL — 111.00; TP1 — 110.40; TP2 — 109.90.
Reason: expanding bearish Ichimoku Cloud, falling Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen, falling Tenkan-sen; the prices are under resistance of Tenkan-sen and Kijun-sen.
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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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