During the Asian session on Wednesday, the USD/CAD pair rebounded after two days of losses, reaching around 1.3590. This uptick is fueled by a stronger US dollar and lower crude oil prices, which put pressure on the Canadian dollar. The decline in Western Texas Intermediate (WTI) oil prices to approximately $80.70 is attributed to...
EUR/USD: an inside bar stopped bears
2019-11-11 • Updated
Recommendations:
SELL 1.1945 SL 1.2 TP1 1.1845 TP2 1.1765 TP3 1.166
BUY 1.201 SL 1.1955 TP1 1.2065 TP2 1.211 TP3 1.216
On the daily chart of EUR/USD, after the pair reached 88.6% and 161.8% targets of “Bat” and “AB=CD” patterns, odds of the pair’s rebound up increased. The inside bar was formed. It means that bears may pause their attacks.
On H1, bulls and bears are fighting for the important level of 88.6% from the XA wave of the “Bat” pattern. If bulls succeed, odds of the pair’s rebound to 1.206, 1.216 and 1.2235 will increase. Vice versa, if bears are more successful, the pair will decline.
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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.
Bearish scenario: Sell below 1.0820 / 1.0841... Bullish scenario: Buy above 1.0827...