Trade Ideas to Follow This Week
EUR/USD 4H chart EUR/USD surged after Powell’s speech on Friday…
USD/JPY: bullish correction on the way
2019-11-11 • Updated
The 34 Moving Average has acted as a resistance, so we’ve got a “Doji” pattern on this line. Also, there’s a “Three Methods” pattern, so the market is likely going to the nearest support. If a pullback from this level happens, bulls will probably try to reach the next resistance on the 55 Moving Average.
We’ve got a “High Wave” and an “Engulfing” pattern at the last high. Therefore, bears are likely going to test the next support level, which could be a departure point for another upward price movement.
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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...
