Trade Ideas to Follow This Week
EUR/USD 4H chart EUR/USD surged after Powell’s speech on Friday…
EUR/USD: confirmed bearish 'High Wave'
2019-11-11 • Updated
There's a bearish 'High Wave', which has been confirmed. So, the price is likely going to test the nearest resistance at 1.1368. If a pullback from this level happens little later on, bears will probably try to reach the next support at 1.1268, which could be a departure point for an upward correction.
We've got a bearish 'Hammer', which confirmed by the following 'Three Methods' pattern. The pair has reached the 34 Moving Average, but there's no any reversal pattern so far. In this case, we should watch the 89 Moving Average (1.1368) as an intraday target. The subsequent pullback from this level could lead to another decline.
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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...
