Trade ideas for March 28 - April 1
Last week marked the consolidation for the most active assets of March 1-15 (which is oil and gold). But next week has a lot to show, be ready to take part!
GBP/JPY finding strong dynamic resistance
2019-11-11 • Updated
GBP/JPY managed to break a bearish trend line projected since July 17th session and it’s now looking for a consolidation above the 200 SMA at H1 chart. However, the pair is facing off the dynamic resistance offered by that moving average and it seems that we can get a pull back at this stage, as it coincides with the Fibonacci retracement zone of 50% - 65% at the 145.77 and 146.81 levels. If that happens, the pair could reach the short-term target of -23.6% at 143.12.
RSI indicator remains overbought and it’s favoring for the bearish scenario.
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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...
