Trade Ideas to Follow This Week
EUR/USD 4H chart EUR/USD surged after Powell’s speech on Friday…
EUR/USD: 'V-Bottom' pushed the market higher
2019-11-11 • Updated
There's a 'V-Bottom', which pushed the market higher. At the same time, we've got a bearish 'Thorn', so the pair is likely going to test the nearest support at 1.1649 - 1.1630. A pullback from this area could be a departure point for a bullish price movement towards the 89 Moving Average.
We've got a 'V-Top' right above the Moving Averages. In this case, there's an opportunity to have a decline in the direction of the next support at 1.1649 - 1.1630. If a pullback from these levels happens next, bulls will probably try to reach another resistance at 1.1706 - 1.1720.
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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...
