What happened? Japanese shares fell on Monday…
USD/JPY: bullish "Tower"
2019-11-11 • Updated
We’ve got a “Doji” at the last low. Considering a confirmation of this pattern, the market is likely going to test the 34 Moving Average in the short term. However, if a pullback from this line happens, there’ll be an opportunity to have another decline.
There’s a bullish “Engulfing”, which has been confirmed. Also, we’ve got a “Tower”, so bulls are likely going to test the nearest “Window” during the day. Meanwhile, if a pullback from this level be on the table, bears will probably try to come back into the market.
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Hello again my friends, it’s time for another episode of “What to Trade,” this time, for the month of April. As usual, I present to you some of my most anticipated trade ideas for the month of April, according to my technical analysis style. I therefore encourage you to do your due diligence, as always, and manage your risks appropriately.
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