Forex Majors | Trading Signals | Intraday | April 2020
Forex Majors | Trading Signals | Intraday | April 2020
Market: Forex Majors
Symbols: EUR/USD, GBP/USD, USD/JPY, USD/CHF, USD/CAD, AUD/USD, NZD/USD
Signal Category: Intraday
Order Type: Market / Limit
(Entry / Stop Loss / Take Profit)
The following trading signals on the Forex Majors have been posted in the “Trading Signals” section.
Forex Majors | Trading Overview
Forex Majors Trading has been volatile in March 2020, expected to expand into April as well.
DXY has been running and climbing the mountain, with the rally capped at 103.
Since then, Elliott Wave, Harmonics and Fibonacci measurements are used by traders, as tolls in their trading arsenal.
Dollar Index (DXY) Overview
DXY – 2H Chart (picture)
DXY fell in a “three”, then reacting in a Diagonal towards the up-side.
In doing so, it is now approaching the Golden Ratio, and the Fibonacci Retracements.
Of course, from a Harmonics perspective, a resistance is awaited.
The Elliott Wave sequence however, places DXY in a Minor B (red) correction, with a Leading Diagonal in Minute a (blue.
After a Diagonal, a sharp retest would be expected, and that would reflect Minute b (blue).
Short-term wise, DXY should present a bearish move, hence the reason for this Intraday view on Forex Majors Trading.
The presented set-ups below are to be treated for the short-term. However, due to how the structures could result in complication in the near future, strategically, it could be a valid juncture.
The reason behind this is that, technical wise, the next best interpretation allows a favorable view. Such action could be then placed at break-even, resulting in a “safety net” until further notice, when the real structure would be revealed.
To be followed-up, tracked, then confirmed…
DXY – 2H Interactive Chart
(click to open)
Forex Majors | Trading Signals | BUY/SELL Orders
* set-ups below involve a higher risk than usual.
EUR/USD – 2H Chart (picture)
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