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U.S. Dollar / Japanese Yen
Long

Long USDJPY

By BACapitalManagement
Updated
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.
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A view from the daily time frame.

snapshot
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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.
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snapshot
Order cancelled
Price did not move back to my limit order. This trade is cancelled.
buyCandlestick Analysisheikin-ashiheikinashijpyLONGSupport and ResistanceUSDUSDJPY

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