Technical levels: support – 1.0740, 1.0700; resistance – 1.0800/20.
Trade recommendations:
1. Sell — 1.0800; SL — 1.0820; TP1 — 1.0740; TP2 – 1.0700.
Reason: bullish Ichimoku Cloud, but the lines Senkou Span A and B are horizontal; a golden cross of Tenkan-sen and Kijun-sen, but the lines are horizontal; the prices are under a daily resistance; the market is overbought.
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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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