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!
GBP/USD: bullish party
2019-11-11 • Updated
The last wedge has been broken, so there was a massive bullish rally. Finally, the price faced a resistance at 1.2911, so we’ve got a “V-Top” pattern here. In this case, the pair is likely going to achieve the nearest support at 1.2774 – 1.2727. If we see a pullback from this area, there’ll be an opportunity to have another upward price movement towards the next resistance at 1.2911 – 1.3023.
There’s a “V-Top” pattern, so the price reached a support at 1.2816. However, bears are likely going to test the next support at 1.2774 – 1.2727 during the day. If a pullback from these levels happens, bulls will probably try to deliver a new local high.
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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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