Trade Ideas to Follow This Week
EUR/USD 4H chart EUR/USD surged after Powell’s speech on Friday…
EUR/USD: possible "Triple Top"
2019-11-11 • Updated
The price is still consolidating near the upper side of the current “Wedge”. At the same time, there’s a possible “Triple Top”. If this pattern confirms, the market is likely going to decline towards the 55 Moving Average. If a pullback from this line happens, there’ll be an opportunity to have another bullish price movement.
Bears faced a support at 1.0882, so the price is consolidating. Also, we’ve got a “Pennant” pattern, so the pair is likely going to test the nearest support area at 1.0855 – 1.0851 during the day. If we see a pullback from these levels, bulls will probably try to achieve a resistance at 1.0910 – 1.0918.
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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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