What happened? Japanese shares fell on Monday…
USD/JPY: bullish 'Three Methods' pattern
2019-11-11 • Updated
There's a bullish "Three Methods" pattern, so the market is likely going to test the 55 Moving Average. If a pullback from this line happens afterwards, there'll be an opportunity to have another upward price movement.
We've got a bearish "Shooting Star", which hasn't been confirmed yet. So, if the 55 Moving Average acts as support, bulls will probably try to break the last high.
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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