Trade Ideas to Follow This Week
EUR/USD 4H chart EUR/USD surged after Powell’s speech on Friday…
EUR/JPY rising in impulse wave (iii)
2019-11-11 • Updated
- EUR/JPY reversed from support zone
- Next buy target - 134.50
EUR/JPY recently reversed up with the daily Hammer from the support zone lying between the support level 131.60 (former resistance from August), 38.2% Fibonacci correction of the previous upward impulse (i) and the 30-day moving average. The upward reversal from this support zone started the active minor impulse wave (iii), which belongs to the impulse 5 of the intermediate impulse wave (3) from April. EUR/JPY is expected to rise to the next buy target at the next resistance level 134.50 (top of the previous impulse (i)).
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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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