Trade ideas for March 28 - April 1
Last week marked the consolidation for the most active assets of March 1-15 (which is oil and gold). But next week has a lot to show, be ready to take part!
USD/JPY: bearish "Shooting Star"
2019-11-11 • Updated
The 55 Moving Average is acting as resistance, so we've got a "Doji" and an "Engulfing" at the local high. However, these patterns haven't been confirmed enough, so the pair is likely going to test the 55 Moving Average once again. If we see a pullback from this line, bears will have a chance to achieve the nearest support level.
There's a consolidation, which is taking place on the one-hour chart. The 144 Moving Average has acted as resistance, so we've got a "Shooting Star" pattern. Under these circumstances, we could keep in mind the lower "Window" as the next bearish target.
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