EUR/USD 11th April (Sat) Prediction For Monday 13th April

Hi and welcome,

Forex Signal / Prediction for EUR/USD

Being an early Saturday (9:33am EST), I wanted to show you an image of what could possibly happen.

Since there was no trading Friday 10th April due to Easter Bank Holiday, it’s left the markets in somewhat unpredictable grounds.

Generally what I have noticed when a currency pair starts to climb, like you see in this image which shows the 1 hour time frame on the Meta Trader Platform, you’ll see a slight spike upwards. On the 4 hour chart it would appear that a new support level is being created and could possibly go lower after the support has been developed.

However, the 1 hour chart shows that the low highs are starting to form. In the chart you can just barely see a yellow line to the bottom left of the chart where the candle sticks are… this is a trendline taking from a previous low to current low, a new low high. And just above, you’ll notice a magenta line. There’s also another yellow line above that which was drawn from the 4 hour time frame. The magenta one is to give me an idea of the maximum high it will go over the course of Monday, and perhaps into Tuesday next week (13th & 14th April respectively). What you will notice when you draw these trendlines is that it will bounce off them and head back down, or back up should it hit the bottom trendline, until it reaches the peaque of the trendlines that form a sort of a triangle point to the right. Eventually it will break out of this, which I refer to my students as the “Triangle Trendline Breakout System“.

Any how… You may also see the Macd in the middle of the chart. Now this is not the default Macd that comes with the MetaTrader 4 Platform, this is a custom indicator that performs just like the original one, but gives off better visual presentation of the Macd Line, noted in yellow, while the signal line is noted by the red dotted dashed line. As you can see the Macd yellow line is heading up, although we are still under the vertical scale / zero line, we’re still in a downward territory with the Euro vs Dollar, so anything can happen, but it does look like a strong Macd line, which is also supported by the ADX below it.

The +DI line, noted by the aqua color, is pointing straight up, and the ADX line, noted by the white line, at very low levels. I’ve noticed that during this time when ADX’s are at this level, gives it plenty of room to make this a strong trade to reach our target noted at the top of approx 1.3448, almost 350 pips away. Of course, anything can happen here, so we must be careful and not act so soon.

Moving back to the Macd, can you see the divergence appearing? It’s not complete yet, but when you see them, they can really pull in those BIG DOLLARS!!!

Take note of the white line I drew on the Macd, and, and a few white arrows along side the letter (A). Now this is a forecast of what could “possibly happen”. If the Macd does go that high, then we are definitely in a Bullish Divergence mode! Notice how that line points up, while the white line above it on the candle sticks is pointing down? That’s when you know a divergence is appearing.

Take a look to your far left, notice how the price was quite high, now take a look at the Macd, notice how the Macd yellow line starts off high and starts to come down? That’s a bearish Divergence,and I caught over 400 pips on that move at $1k a pip! Yes, you heard me, $1k a pip! ($400,000). So I’m expecting something to appear similar, but the opposite. BUT… I need confirmation from the Macd FIRST before I can put my house keys on this one!

One other thing I would like you to take a look at, are yellow, red, and blue moving averages.

• Yellow = 26 Smoothed Moving Average, set to Close
• Red = 26 Exponential Moving Average, set to Close
• Blue = 12 Exponential Moving Average, set to Close

The Yellow line is my baseline. The Blue needs to cross above or below it to act as my first trigger / get ready warning notice. The Red line is my action trigger, ie, open a trade. If by the time the Blue and Red cross above the Yellow, this will be a good indication of a serious move upwards, and by that time the Macd should have risen above the vertical scale / zero line to produce that Bullish Divergence we’re looking for, for a move up to 1.3300 / 1.3448.

If you’re a gambler, then here’s what I would do. I’d saddle trade this. Take the current pair value, and deduct 50 pips from it and add 50 pips to it.

The part where you deduct 50 pips from the current value of the Euro vs Dollar, will be your SELL STOP. And the part where you add 50 pips, will be your BUY STOP.

So now you’re covered for both directions, it’s 50 - 50 chance. Set your Take Profits TIGHT, for this particular strategy. Yes, I know, I said before don’t set your TP’s or SL’s too short. But when you’re saddle trading, it’s advisable. At least in my experience.

Personally I would prefer to just wait for the Macd Divergence to appear and be completely formed first.

Ok, so lets wait until Monday to see what transpires. Who knows, Sunday evening we could see this pair move up quite high, then pop back down again ready for UK Open.

All the best,

Loz Lawn
Lawnwell Inc
CEO Day Trading FX Course.

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P.P.S
Disclaimer:
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I accept no responsibility should any of these trades go opposite of what I expect. I have said that I would enter a trade AFTER signals are final and complete, and not before. So do not confuse this with something else, like it will do this or do that. I don’t trade on Whims. I only trade when a signal is developed. Anything can happen between Sunday late evening to Monday UK Open / US Open! So act with caution. You are responsible for your actions! If in doubt, use a demo account!