EUR/USD 4H chart EUR/USD surged after Powell’s speech on Friday…
EUR/USD: possible wedge pattern
2019-11-11 • Updated
The price has been consolidating since an impulse in wave [iii] finished. It seems like we could have a zigzag in wave [iv]. So, we could have another bearish impulse in wave (c) of [iv] pretty soon.
There's a possible wedge pattern in wave (a) of [iv]. Therefore, we could have wave (b), which is likely going to take the form of a double zigzag. In this case, we should keep an eye on 6/8 MM Level as an intraday bullish target.
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Jerome H. Powell, the Federal Reserve chair, stated that the central bank can afford to be patient in deciding when to cut interest rates, citing easing inflation and stable economic growth. Powell emphasized the Fed's independence from political influences, particularly relevant as the election season nears. The Fed had raised interest rates to 5.3 ...
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.
Bearish scenario: Sell below 1.0820 / 1.0841... Bullish scenario: Buy above 1.0827...