Technical levels: support – 0.7600/20, 0.7570; resistance – 0.7670, 0.7700.
Trade recommendations:
1. Buy — 0.7620/30; SL — 0.7600; TP1 — 0.7670; TP2 — 0.7700.
Reason: narrowing bullish Ichimoku Cloud, falling Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen; the prices are supported by bottom border of the Cloud.
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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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