US500: A further correction towards 5192 before resuming purchases.
Bearish Scenario: Sales below 5220... Bullish Scenario: Buys above 5225 (if price fails to break below decisively) ...
GBP/USD: the pound slides
2019-11-11 • Updated
Recommendation: SELL 1.2785 SL 1.284 TP1 1.2685 TP2 1.264 TP3 1.257
On the daily chart of GBP/USD the price broke through the lower limit of the downward channel. It shows the sellers are confident that price would go down. Downward movement will activate the “Shark” pattern with the target at 113%. The update of August minimum will increase the risks of moving towards 61.8% and 78.6% from the long-term ascending wave.
On H1 chart of GBP/USD if buyers cannot manage to hold the price near a target at 88.6% of the “Bat” pattern, the trend will turn bearish. If sellers break the support at 1.2785, the price will fall.
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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...
