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) ...
USD/JPY: on the way to September lows
2020-10-22 • Updated
USD/JPY now trades between 104.80 and 105.00. Further below, there are only September lows. The closest one is 104.5 – if the currency pair reaches there, that would be half-way to the bottom of the large downward channel. 104.00 would be the true support to look for – that’s where USD/JPY would likely stop and reverse to start crossing the channel upwards.
On the weekly chart, the market channel is in fact entering the zone of pre-virus lows. 104.00 would be a door into this lower layer, 102.00 would be the February-March lows. It’s pretty early to make preparation for the latter, but keep it in mind though: USD/JPY is now getting as low as ever in 2020.
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US100: Consolidated and preparing correction below 18100. Key levels on H4!
Bearish scenario: Shorts below 18100 with TP1: 17900... Anticipated bullish scenario: Intraday Longs above 18130 with TP...
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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...
