What happened? Japanese shares fell on Monday…
USD/JPY: Moving Average going to act as resistance
2019-11-11 • Updated
The last “High Wave” pattern has been confirmed. However, if any bullish pattern arrives in the coming hours, the 34 Moving Average is going to be the main intraday target. Meanwhile, if a pullback from this line happens, bears will probably try to test the local low once again.
We’ve got a “Hammer” at the local low. Considering a confirmation of this pattern, bulls are likely going to test the 55 Moving Average, which could be a departure point to another decline.
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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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