Fahim-ahmed

Long position possible in USDJPY

Long
Fahim-ahmed Updated   
OANDA:USDJPY   U.S. Dollar / Japanese Yen
Based on ABCD pattern and Dow theory, we can see that daily chart is suggesting HH and HL which means it may go up. Abit risky deal but since stop loss is very small so risk can be taken.

This analysis is done from learning point of view and should not be considered buy or sell call.
Comment:
Stop loss is 109.058
Trade closed: stop reached:
Stop loss hit
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