Trade Ideas to Follow This Week
EUR/USD 4H chart EUR/USD surged after Powell’s speech on Friday…
EUR/USD: 'Engulfing' pattern
2019-11-11 • Updated
There's an 'Engulfing' pattern, which has been formed on the 89 Moving Average. So, the market is likely going to test the nearest support at 1.1327. The subsequent pullback from this level could lead to another upward price movement towards the next resistance at 1.1383.
The upper 'Window' has acted as resistance, so there's an 'Engulfing' pattern, which has been confirmed. Therefore, we should keep an eye on the closest support at 1.1327 as a possible departure point for a bullish rally in the direction of the previously tested resistance at 1.1383.
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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...
