What happened? Japanese shares fell on Monday…
USD/JPY: 'Hammer' led to bullish rally
2019-11-11 • Updated
The price has been rising since the last 'Hammer' was formed. However, the pair is approaching the upper 'Window', which could be a departure point for a bearish correction.
The price went through the 'Window', so there's a new local high. It's likely that the market is going to continue moving higher until any reversal pattern forms.
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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!
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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...