Technical levels: support – 112.00, 111.30; resistance – 112.80.
Trade recommendations:
1. Buy — 111.30; SL — 111.10; TP1 — 112.00; TP2 — 112.80.
2. Sell — 112.40; SL — 112.60; TP1 — 111.60; TP2 — 111.30.
Reason: bullish Ichimoku Cloud with rising Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen, but the lines are horizontal; the prices are breakout the support of Tenkan and Kijun.
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Bearish scenario: Selling below 150.30 with TP1: 150.00... Bullish scenario after retracement: Intraday buys above 149.40 with TP: 150.00, TP2: 151.00...
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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...
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