What happened? Japanese shares fell on Monday…
USD/JPY: 'Harami' and 'Tweezers'
2019-11-11 • Updated
There're bullish patterns such a 'Harami' and a 'Tweezers' both of them have been confirmed. So, the price is likely going to test the 34 Moving Average once again. A pullback from this line could lead to another bearish rally.
We've got a bullish 'Engulfing', which has been confirmed by the last 'Three Methods'. So, we should keep an eye on the next important resistance at 110.64.
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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