Dislikedhttps://www.forexfactory.com/attachm...w?_=1683318488 Three times same set up. First candle with longer down shadow like morning stars and second candle closes green to begin an uptrend. I'll open long position before market close. {image}Ignored
we have seen a hike rate by FED in the past week but we have not seen a uptrend by USDYEN way ?
I think We can see the direction (USDYEN) in the stock market . Other than Nasdaq 100 we can see bearish patterns for Dow , S&P 500, DAX... in fact we will see a fall for Stock market . and followed by the strengthening of the dollar in other words fall of GBPUSD and EURUSD and AUDUSD ...
This causes movement from the side for USDYEN and even unwinding for USDYEN.
Let's remember the words of Jeremy Powell in the past week " we will see a mild recession "
2