YongLiang

USDJPY, DAY CHART, LONG (11-DEC-2016)

OANDA:USDJPY   U.S. Dollar / Japanese Yen
Note:
USD/JPY has the strongest bullish trend .
Now, we see it breaks the resistance zone .

Now we have 2 ways to trade it.
1. Wait it pull back to Resistance Zone and wait
for another bullish bar to long (right lot size)

2. Wait it pull back to either 20-EMA in H4 chart
or H1 chart to long (smaller risk)
Comment: USD/JPY flying high as per expected.
Wait for Pullback to long :)
Trade active: Zoom into H1 Chart, we can see a price pullback to 20-EMA and followed by a bullish signal bar.

Decided to long with little amount
EP: 118.271
SL: 114.884
TP: 121.632
Trade closed manually: We are still bullish on this trade.

But we decided to close this trade early as we don't want to carry trade over the weekend.
as long the 2nd upside trend holds > 114 USDJPY
i am with you - bigger pricture :)

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