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BACapitalManagement

Long USDJPY

Long
U.S. Dollar / Japanese Yen (OANDA:USDJPY)  
BACapitalManagement Updated   
OANDA:USDJPY   U.S. Dollar / Japanese Yen
Support and Resistance Candlestick Analysis LONG buy USDJPY USD jpy heikin-ashi heikinashi
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supportandresistance candlestick long buy usdjpy usd jpy heikin-ashi heikinashi
Last week USDJPY posted a green Heiken Ashi candle on the weekly time frame. This suggests to me that we may have another green week.

It is also the case that a green Heiken Ashi candle posted on the daily time frame after a red candle. This suggests to me that this could be the beginning of a muli-day bull run.
Comment:
A view from the daily time frame.

snapshot
Comment:
A view of the daily time frame from a traditional candlestick perspective.

I plan to enter around the white line and my stop will be placed below the local low on the daily.
Comment:
Order cancelled:
Price did not move back to my limit order. This trade is cancelled.
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