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.
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.