Technical levels: support – 1.0660, 1.0635; resistance – 1.0720.
Trade recommendations:
1. Buy — 1.0670; SL — 1.0650; TP1 — 1.0760; TP2 – 1.0820.
2. Sell — 1.0650; SL — 1.0670; TP1 — 1.0590; TP2 – 1.0550.
Reason: expanding bearish Ichimoku Cloud with falling Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen; the prices are under the Cloud and negative area, but there is a strong support.
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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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