Trade Ideas to Follow This Week
EUR/USD 4H chart EUR/USD surged after Powell’s speech on Friday…
EUR/USD: 'High Wave' pushing price higher
2019-11-11 • Updated
There's a pullback from the 0.5 retracement of the last huge green candle, so we've got a 'High Wave' pattern, which has been confirmed enough. Thus, we should watch the next resistance at 1.1597 as an intraday target. The subsequent pullback from this level could lead to a decline towards the nearest support at 1.1496.
The last bullish 'Tower' and 'High Wave' patterns have been confirmed, so the pair is likely going to achieve the upper 'Window' at 1.1555 shortly. If a pullback from this level happens little later on, the market will probably try to reach the previously tested support at 1.1514.
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Jerome H. Powell, the Federal Reserve chair, stated that the central bank can afford to be patient in deciding when to cut interest rates, citing easing inflation and stable economic growth. Powell emphasized the Fed's independence from political influences, particularly relevant as the election season nears. The Fed had raised interest rates to 5.3 ...
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...
