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 "Triangle"
2019-11-11 • Updated
The 34 Moving Average is acting as a support. Also, we’ve got a “Triangle”, so we should keep an eye on a resistance at 1.2547 as an intraday target. If a pullback from this level happens, the pair is likely going to get a support on the 89 Moving Average.
The price is still consolidating along the Moving Averages. Considering the “Triangle”, bears are likely going to achieve a support at 1.2469 – 1.2448 during the day. Nevertheless, bulls will probably try to reach a resistance at 1.2497 – 1.2506 afterwards.
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GBP/USD has managed to rise for the third trading day in a row including today’s Asian session, while the daily technical indicators are moving higher gradually.
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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...
