Trade ideas for March 28 - April 1
Last week marked the consolidation for the most active assets of March 1-15 (which is oil and gold). But next week has a lot to show, be ready to take part!
EUR/GBP on its way to levels above 0.90
2019-11-11 • Updated
EUR/GBP is trying to send some Fibonacci signals in order to trade it. Currently, it’s riding a bullish structure started a couple of weeks ago and the retracement could be taken as a correction. Such move could be go as long as the 0.8867 level, at which is located the Fibonacci retracement level of 50%, where a demand zone has been established.
If the pair manages to rebound above that area, then we might expect a bullish continuation towards the -23.6% Fibonacci level around 0.9052 for the short-term. To confirm this scenario, EUR/GBP needs to break above 0.8993. RSI indicator remains in the positive territory.
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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.
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