Forex Majors Trading Signals Swing & Intraday

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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EUR/USD – BUY Orders

Aggressive Entry @ 1.0750 with SL @ 1.0600
Moderate Entry @ 1.0680 with SL @ 1.0550
TP @ 1.0900 / 1.10030 / 1.1090

EUR/USD – 2H Interactive Chart
(click to open)

GBP/USD – 2H Chart (picture)

GBPUSD – SELL Orders

Aggressive Entry @ 1.2435 with SL @ 1.2700
Moderate Entry @ 1.2810 with SL @ 1.3095
TP @ 1.2200 / 1.2000 / 1.1820

GBP/USD – 2H Interactive Chart
(click to open)

USD/JPY – 4H Chart (picture)

USD/JPY – SELL Orders

Aggressive Entry @ 109.90 with SL @ 111.55
Moderate Entry @ 111.20 with SL @ 113.35
TP @ 108.00 / 106.50 / 105.195

USD/JPY – 4H Interactive Chart
(click to open)

USD/CHF – 2H Chart (picture)

USD/CHF – SELL Orders

Aggressive Entry @ 0.9820) with SL @ 0.9925
Moderate Entry @ 0.9870 with SL @ 0.9970
TP @ 0.9725 / 0.9680 / 0.9620

USD/CHF – 2H Interactive Chart
(click to open)

Commodity Currencies – BUY/SELL Orders

USD/CAD – 2H Chart (picture)

USDCAD shows a complicated structure.
Bullish view was shared with the previous article.
This set-up could be used for hedging or quick in-and out trading.

USD/CAD – SELL Order

Moderate Entry @ 1.4210 with SL @ 1.4410
TP @ 1.4050 / 1.3900 / 1.3760

USD/CAD – 2H Interactive Chart
(click to open)

AUD/USD – 2H Chart (picture)

AUD/USD – SELL Orders

Aggressive Entry @ 0.6125 with SL @ 0.6250
Moderate Entry @ 0.6235 with SL @ 0.6410
TP @ 0.6000 / 0.5900 / 0.5775

AUD/USD – 2H Interactive Chart
(click to open)

NZD/USD – 2H Chart (picture)

NZD/USD – SELL Orders

Aggressive Entry @ Market Price (Approx. 0.5945) with SL @ 0.6050
Moderate Entry @ 0.6025 with SL @ 0.6150
TP @ 0.5880 / 0.5850 / 0.5800 / 0.5695

NZD/USD – 2H Interactive Chart
(click to open)

Safety Measures:

Moving SL to break-even when in the green.

Ahoy my fellow trader,
Thank you for your interest in this article and the overall information I am proving.
Should you need any support or have any questions regarding the presented Wave Counts, please let me know.
I am most active and available via Telegram and Skype, feel free to shoot me a message.
As always,
Many pips ahead!
Richard

Fair warning and risk notice:
Trading CFDs or Foreign Exchange is risky and you should only invest what you can afford to lose, in a calculated manner.
All material presented by LEWA is not to be treated as investment advice and the analysis represents general market research.
Before you decide to take action, please be aware of the risks involved.
Trading is not for everyone and it should be treated with responsibility.
Besides a good strategy for a decent win over loss ratio, risk management is another key factor.

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