Trade Ideas to Follow This Week
EUR/USD 4H chart EUR/USD surged after Powell’s speech on Friday…
EUR/USD: bearish 'Engulfing' pattern
2019-11-11 • Updated
There's a bearish 'Engulfing' pattern, which hasn't been confirmed yet. Thus, it's likely that the pair is going to test the lower 'Window' (1.1323) in the coming hours. If a pullback from this level happens next, there'll be a moment to have another upward price movement.
The upper 'Window' has acted as resistance, so there's an 'Engulfing' pattern. In this case, the market is likely going to reach the lower 'Window" (1.1323) shortly. If any bullish pattern forms on this level next, there'll be a green light for an advance in the direction of the previously tested resistance at 1.1437.
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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...
