Trade ideas for March 28 - April 1
Last week marked the consolidation for the most active assets of March 1-15 (which is oil and gold). But next week has a lot to show, be ready to take part!
EUR/GBP in a possible buy zone around 0.8760
2019-11-11 • Updated
EUR/GBP is very close to a strong buy zone that has been formed during recent days, as the pair is following a bullish bias. Such area corresponds to a Fibonacci retracement projection we did, based on the H4 chart, as we’re seeing that 200 SMA at H4 chart is close to the 50% and 61.8% levels (0.8760 – 0.8731). If it manages to rebound over that zone, one could expect a bullish continuation towards -23.6% in 0.8934.
To the downside, a break below 0.8724 could accelerate the bearish bias towards 0.8641. RSI indicator remains at the negative territory.
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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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