Trade Ideas to Follow This Week
EUR/USD 4H chart EUR/USD surged after Powell’s speech on Friday…
EUR/USD: bearish "Pennant"
2019-11-11 • Updated
Bulls faced resistance at 1.1249, so the price is consolidating. Also, we've got a "Double Top" pattern, which means bears are likely going to test the nearest support at 1.1204 - 1.1171 in the short term. If we see a pullback from this area, there'll be an opportunity to have an upward price movement towards the next resistance at 1.1287 - 1.1307.
We've got a "Double Top", which has been confirmed. Also, we've got a bearish "Pennant" pattern, so the market is likely going to test the 89 Moving Average in the coming hours. If a pullback from this line happens, bulls will have an option to test resistance at 1.1267 - 1.1278.
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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...
