Trade Ideas to Follow This Week
EUR/USD 4H chart EUR/USD surged after Powell’s speech on Friday…
EUR/AUD reversed from combined resistance zone
2021-11-11 • Updated
- EUR/AUD reversed from combined resistance zone
- Next sell target - 1.3900
EUR/AUD continues to fall inside the minor impulse wave (iii) – which started previously – when the pair reversed down from the combined resistance zone lying at the intersection of the key resistance 1.4200 (which has been reversing the price from March), upper daily Bollinger Band, resistance trendline of the daily down channel from last June and the 50% Fibonacci correction of the earlier impulse (i).
EUR/AUD is expected to fall further toward the next sell target at the strong support level 1.3900 (which reversed the previous (b)-wave in March).
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WTT: Currency Pairs To Trade In April
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.
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