What happened? Japanese shares fell on Monday…
USD/JPY: "Shooting Star"
2019-11-11 • Updated
There's a "Shooting Star", which hasn't been confirmed yet. So, the pair is likely going to test the 89 Moving Average, which could act as resistance.
We've got a bearish "High Wave", which has been confirmed by the last "Three Methods" pattern. Therefore, the price is likely going to test the 21 Moving Average during the day.
Weaker dollar - cheaper dollar. What else may be a conclusion to be drawn from the USD's weakening?
In a few days, primary Forex currencies will hear what their respective central banks think about the future - and we're about to trade it!
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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