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!
GBP/USD: Gap going to act as resistance
2019-11-11 • Updated
We’ve got a “Double Top”, which has been confirmed. At the same time, bulls are likely going to test the nearest resistance at 1.2945 – 1.2964. If a pullback from this area happens, bears will probably try to reach the next support at 1.2865 – 1.2816.
The 55 Moving Average has acted as a support, so the price is consolidating. In this case, the pair is likely going to achieve a resistance at 1.2935 – 1.2952. However, if we see a pullback from these levels, there’ll be an opportunity to have a decline towards a support at 1.2865 – 1.2844.
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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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