Current Trading Ideas for the Forex Market on 20.04.2026
Hello. Below will be several recommendations for trading in the Forex market on 20.04.2026.
EURUSD
On EURUSD, we immediately went beyond the 1,1829 level and formed a Pin Bar pattern. At this point, at least a downward correction, or even a direct continuation of the decline with new lows, is already obvious. I mentioned the targets for the correction in the previous review; it will be interesting to see the price reaction around the 1,1667 and 1,1626 levels. There one can look for intraday sells on pullbacks.
GBPUSD
On GBPUSD, as expected, we once again went beyond the 1,3575 level and formed a Pin Bar pattern. We will probably see a decline in the coming days, at least into a correction, and it is worth taking a closer look at sells here. The targets for the correction are still the same for now, around the 1,3380 level and the FVG there as well.
USDCHF
On USDCHF, we also formed a Pin Bar pattern at the 0,7817 level. Of course, there is a huge imbalance of buyers in the trade statistics, but I think we will see an upward correction. By the way, the first targets for it are very close, around the 0,7854 level. Therefore, I will not rush into buys here. Let us see what happens around the 0,7854 level, and only then will I make a decision on trades.
Respectfully, Artem aka TeaDrinker
EURUSD Pin Bar outlook for 20.04.2026: EURUSD, GBPUSD, and USDCHF formed reversal setups around key levels, with correction targets and sell ideas.