Trading Signals | Forex Majors | Intraday & Swing | April 2020

Trading Signals | Forex Majors | Intraday & Swing | 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

The previously posted Trading Signals for the Forex Majors have been cut in half, leaving the door open to a continuation.

“Forex Majors | Trading Signals | Intraday“

* This article is to be treated as a continuation.

Some of the trends explained previously, have either started prematurely, or expanded in their complexity, thus delaying the expected swings.
All this results into a higher probability for this current view.

Dollar Index (DXY) Overview

DXY – 2H Chart (picture)

DXY indeed delivered the leg on the down-side, as expected, but has done that a bit earlier than planned.
With Minute B (blue) now complete, along with the Ending Diagonal, I am under the impression that an impulsive bullish swing has started.
Minute C (blue) would be seen as a Motive Structure, with the following characteristics to be shown:

Fibonacci Extensions: 100% or even 161.8% of Minutes A & B (blue)
Fibonacci Retracements: 78.6% or 88.6% of Minor A (red)
D leg in the Bearish Harmonic pattern

Minute C (blue) already started the bullish sequence, to be treated as the first leg within its 5-waves Impulse.
A retracement of 50-61.8% could provide support for a rally in DXY.

DXY – 2H Interactive Chart
(click to open)

Forex Majors | Trading Signals | BUY/SELL Orders

EUR/USD – 2H Chart (picture)

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EUR/USD – SELL Orders

Aggressive Entry @ Market Price (approx. 1.0940) with SL @ 1.1050
Moderate Entry @ 1.1065 with SL @ 1.1210
TP @ 1.0850 / 1.0750 / 1.0610

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

GBP/USD – 2H Chart (picture)

GBP/USD – SELL Orders

Aggressive Entry @ Market Price (approx. 1.2560) with SL @ 1.2850
Moderate Entry @ 1.2750 with SL @ 1.3050
TP @ 1.2350 / 1.2150 / 1.200 / 1.1825

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

USD/JPY – 4H Chart (picture)

USD/JPY – BUY Orders

Aggressive Entry @ Market Price (approx. 107.10) with SL @ 105.00
Moderate Entry @ 105.20 with SL @ 103.00
TP @ 108.50 / 110.00 / 111.20

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

USD/CHF – 2H Chart (picture)

USD/CHF – BUY Orders

Aggressive Entry @ Market Price (approx. 0.9620) with SL @ 0.9500
Moderate Entry @ 0.9535 with SL @ 0.9420
TP @ 0.97200 / 0.9800 / 0.9885

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

Commodity Currencies – BUY/SELL Orders

USD/CAD – 2H Chart (picture)

USD/CAD – BUY Orders
Aggressive Entry @ Market Price (or 1.400) with SL @ 1.3750
Moderate Entry @ 1.3810 with SL @ 1.3585
TP @ 1.4250 / 1.4400 / 1.4550 / 1.4700 / 1.4750 / 1.4850

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

AUD/USD – 2H Chart (picture)

AUD/USD – SELL Orders

Aggressive Entry @ Market Price (or 0.6370) with SL @ 0.6565
Moderate Entry @ 0.6480 with SL @ 0.6675
TP @ 0.6200 / 0.6100 / 0.600 / 0.5905 / 0.5775

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

NZD/USD – 2H Chart (picture)

NZD/USD – SELL Orders

Aggressive Entry @ Market Price (or 0.6025) with SL @ 0.6150
Moderate Entry @ 0.6115 with SL @ 0.6250
TP @ 0.5900 / 0.5850 / 0.5750 / 0.5700 / 0.5600

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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