What happened? Japanese shares fell on Monday…
USD/JPY: no any reversal pattern so far
2019-11-11 • Updated
The pair is approaching the upper 'Window', but there isn't any reversal pattern so far. Anyway, if a pullback from the 'Window' forms little later on, there'll be a green light for a downward correction.
There's a bearish 'Harami', so the market is likely going to test the 34 Moving Average. If this line acts as support, bulls will probably try to deliver a new local 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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