Trade Ideas to Follow This Week
EUR/USD 4H chart EUR/USD surged after Powell’s speech on Friday…
EUR/USD: bullish "Pennant"
2019-11-11 • Updated
Bears faced a support at 1.0571, so we’ve got a “Double Bottom” pattern. Also, there’s a bullish “Pennant”, so the market is likely going to test the nearest resistance at 1.0594 – 1.0655 in the short term. If a pullback from this area happens, bears will probably try to test a support at 1.0571 once again.
The last “Double Bottom” has been confirmed by the “Flag” pattern. Therefore, the pair is likely going to reach the closest resistance at 1.0639 – 1.0655 during the day. Considering a possible pullback from these levels, there’s an opportunity to have a decline towards a support at 1.0600 – 1.0594.
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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.
EURUSD: Seeking liquidity in weekly selling zones. Key intraday levels.
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