LBracht

USDJPY buy by montly chart (hammer)

Long
LBracht Updated   
FX:USDJPY   U.S. Dollar / Japanese Yen
7
Monthly chart shows an opportunity to buy (swing or position) because of the hammer candle. In Weekly chart i made some possible lines, considering a pullback when the graph will touch the 21 exponential average. There is a point when both of the possibilities shows a good offer to buy. But, of course, there always is a possibility of the prices going down and my analysis will get useless.
Trade active:
I am on the trade, waiting for the results.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.