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: support waiting for bears
2019-11-11 • Updated
The price faced a support on the 55 Moving Average, so we’ve got a “V-Bottom” pattern here. Therefore, the market is likely going to reach the next support at 1.2347 in the short term. If we see a pullback from this level, there’ll be time for an upward correction, so we should keep an eye on a resistance at 1.2438 – 1.2468 as a possible intraday target.
Bulls found a resistance at 1.2438, so the price is consolidating. In this case, the pair is likely going to test the nearest support at 1.2376 – 1.2362 during the day. At the same time, if a pullback from this area be on the table, bulls will have an opportunity to reach the 89 Moving Average.
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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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