Trade Ideas to Follow This Week
EUR/USD 4H chart EUR/USD surged after Powell’s speech on Friday…
EUR/USD: consolidation going to move on
2019-11-11 • Updated
The 21 Moving Average has acted as a support, but we still don’t have any reversal pattern so far. Therefore, the market is likely going to test the nearest resistance once again. If a pullback from this level happens, there’ll be an opportunity to have a decline in the direction of the lower “Window”.
We’ve got a pullback from the 89 Moving Average. However, there’s a bearish “Shooting Star”, but a confirmation of this pattern is a quite weak. In this case, we could have a local downward correction during the day. If a pullback from the Moving Averages happens, bulls will probably try to deliver a new local high.
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This week, there are a few high-probability trade ideas I'd like to recommend to you. Trading these setups, be sure to implement a proper risk management approach.
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