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16.04.202009:32 Forex Analysis & Reviews: Applying the tricks on major currencies

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Exchange Rates 16.04.2020 analysis

Good afternoon, dear traders! Here are two trading ideas on the most popular instruments EUR/USD and GBP/USD.

Powerful short-term initiatives took place simultaneously on both instruments during the European session yesterday.

In yesterday's review, I gave recommendations to shorten the pound rollback.

The result is on the chart on the right:

Exchange Rates 16.04.2020 analysis

For this day, I propose to work on the continuation of these initiatives on the "booster of the third waves" for the goals presented on the chart in the form of "customer stops".

Let me remind you that in the framework of observing the foundations method, the foundations of our counter-agents are our profit.

If you are going to buy one of these tools, I recommend doing it carefully. It will be best to do this after working out the goals on the chart, or after the appearance of new long-term initiatives.

Success in trading and control the risks!

Andrey Shevchenko
Analytical expert of InstaForex
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