USDJPY-Weekly Market Analysis-May19,Wk5
On the daily chart(right) an emerge bullish bat pattern is on the way and on the 4-hourly chart(left) the bearish bat pattern is emerging.
So what should you be doing?
That's when 2 important things come in place.
1) Filters and trade plan: this removes emotion and uncertainty in trading.
2) Overall market fundamental analysis, in this case, US Economy vs Japan Economy:
US
Any news along with interest rate cut, trade war, etc...
Japan
Any exchange rates intervention?
Have a good think through on this.
So what should you be doing?
That's when 2 important things come in place.
1) Filters and trade plan: this removes emotion and uncertainty in trading.
2) Overall market fundamental analysis, in this case, US Economy vs Japan Economy:
US
Any news along with interest rate cut, trade war, etc...
Japan
Any exchange rates intervention?
Have a good think through on this.
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Live session & Trading Tips on the GO
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Get into our 15mins workday community
discord.gg/AKDr9vPqH7
Live session & Trading Tips on the GO
instagram.com/raynlim/
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