US500: A further correction towards 5192 before resuming purchases.
Bearish Scenario: Sales below 5220... Bullish Scenario: Buys above 5225 (if price fails to break below decisively) ...
EUR/USD Hit All Targets
2021-08-16 • Updated
4H Chart
Daily Chart
EURUSD managed to rise further on Friday inline with our expectations, reaching our entire targets mentioned in our previous notes at 1.18, while our entry was at 1.1730, giving us a net of +70 pips profit. In the meantime, the Euro retraced 50% of recent declines (8 sessions of consecutive declines), therefore, another leg lower is highly possible this week. Yet, I would prefer to wait for such retracement to be completed, which may reach 1.1830’s before issuing a new trade. Stay tuned!
| S3 | S2 | S1 | Pivot | R1 | R2 | R3 |
| 1.1625 | 1.1701 | 1.1749 | 1.1777 | 1.1825 | 1.1853 | 1.1929 |
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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.
Bearish scenario: Sell below 1.0820 / 1.0841... Bullish scenario: Buy above 1.0827...
