Trade Ideas to Follow This Week
EUR/USD 4H chart EUR/USD surged after Powell’s speech on Friday…
EUR/USD: "Double Top" pattern
2019-11-11 • Updated
Bulls faced resistance at 1.1464, so we've got a bearish "V-Top" pattern, which pushed the price to support at 1.1425. However, bears are likely going to test the next support at 1.1398 in the short term. If a pullback from this level happens, there'll be an opportunity to have an upward price movement towards the nearest resistance at 1.1494 - 1.1529.
There's a "Double Top" pattern, which has been confirmed. The price is testing support at 1.1444, so we could have another decline in the direction of the 89 Moving Average. Meanwhile, if a pullback from this line happens, bulls will have a green light to reach the next resistance at 1.1488 - 1.1494.
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WTT: Currency Pairs To Trade In April
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.
EURUSD: Seeking liquidity in weekly selling zones. Key intraday levels.
Bearish scenario: Sell below 1.0820 / 1.0841... Bullish scenario: Buy above 1.0827...
