What happened? Japanese shares fell on Monday…
USD/JPY: price going to test 55 MA
2019-11-11 • Updated
We've got a bearish "Engulfing" pattern, which is still on the table. So, the price is likely going to test the 55 Moving Average, which could be a departure point for another upward price movement.
There's a bullish "Harami", which has been formed on the 55 Moving Average. However, this pattern hasn't been confirmed enough. In this case, the pair is likely going to test the nearest "Window" during the day. If a pullback from this level happens, we could have a decline towards the last low.
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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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