2019-11-11 • Updated
Recommendation:
SELL 128.3
SL 128.85
TP1 127.3 TP2 126.3 TP3 125.5
On the daily chart of EUR/JPY, bears managed to pull the pair back to the medium term downward channel and implement the “Shark” pattern. Its 88.6% target is at the level of 125.5. To rise, the pair needs to break above 128.85.
On H1, the pair keeps reaching targets of the “Shark” pattern. Bears are stronger, that’s why pullbacks with rebounds from resistances at 128.3 and 129.2 can be used to sell.
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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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