Trade Ideas to Follow This Week
EUR/USD 4H chart EUR/USD surged after Powell’s speech on Friday…
EUR/USD: "Thorn" pattern
2019-11-11 • Updated
The pair is consolidating near the 55 Moving Average. It's likely that the price is going to test the nearest support at 1.1649 in the short term. If a pullback from this level happens afterwards, there'll be an opportunity to have a bullish price movement towards the nearest resistance at 1.1757 - 1.1801.
Bears faced support at 1.1683, so there's a "Thorn" pattern, which pushed the price higher. The main intraday target is the nearest resistance at 1.1757 - 1.1776. However, if we see a pullback from this area, bears will probably try to reach another support at 1.1649.
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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...
