What happened? Japanese shares fell on Monday…
USD/JPY: bullish correction going to move on
2019-11-11 • Updated
We’ve got an “Engulfing” and two “Tweezers”, which all have been confirmed. Also, there’s a “Shooting Star”, so the pair is likely going to form a local downward correction. At the same time, bulls will probably try to deliver a new local high afterwards.
We’ve got a local bearish “Harami”, which has been confirmed enough, so the current downward correction is likely going to be continued. Nevertheless, an opportunity to have a new high is still on the table.
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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.
Bearish scenario: Sell below 1.0820 / 1.0841... Bullish scenario: Buy above 1.0827...