What happened? Japanese shares fell on Monday…
USD/JPY: bearish "Harami"
2019-11-11 • Updated
The 89 Moving Average has acted as resistance, so we've got a "Shooting Star". If this pattern confirms, there'll be an opportunity to have a local decline. Anyway, bulls are likely going to deliver a new high afterwards.
There's a bearish "Harami", which has been confirmed. So, the pair is likely going to reach the 144 Moving Average soon. If any bullish pattern arrives afterwards, we should keep an eye on the upper "Window" as an intraday target.
Weaker dollar - cheaper dollar. What else may be a conclusion to be drawn from the USD's weakening?
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This week, there are a few high-probability trade ideas I'd like to recommend to you. Trading these setups, be sure to implement a proper risk management approach.
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