EUR/USD 4H chart EUR/USD surged after Powell’s speech on Friday…
EUR/USD: "V-Bottom" pattern
2019-11-11 • Updated
Bears faced support at 1.1398, so we've got a "V-Bottom" pattern, which pushed the price to resistance at 1.1464. Therefore, bulls are likely going to test the next resistance at 1.1494. If a pullback from this level happens, there'll be an opportunity to have a decline towards the nearest support at 1.1444 - 1.1425.
There's a "Thorn" pattern, which has been formed on the 89 Moving Average. In this case, the market is likely going to achieve the closest resistance at 1.1479 - 1.1488. However, if we see a pullback from this area, bears will probably try to reach support at 1.1444 - 1.1425.
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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.
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Bearish scenario: Sell below 2200 / 2194 ... Nearest bullish scenario: Buy above 2197... Bullish scenario after retracement: Consider buys around each indicated demand zone