arieg1985
Long

Possible Long Position for USD/JPY_Trade Plan 2017.06.18

OANDA:USDJPY   U.S. Dollar / Japanese Yen

D1 and H4 are both still shows unclear trend with price is hanging around MA200.
However, in H1, price currently moves to the upside after the breaks out from confluence of resistance (Major down trendline , resistance area , MA200).

Trade Plan 1:
If price pull back to previous break out level or MA200 or Fibo Ret 50-61.8% and rejected up, long the market.
With Stop Loss 25 pips and Target Profit 90 pips, the potential trade offers 3.60 Reward-To-Risk Ratio.

Trade Plan 2:
If price pull back to the nearest support area 110.648-110.771 (Fibo Ret 38.2%) and rejected up, long the market.
With Stop Loss 25 pips and Target Profit 90 pips, the potential trade offers 3.60 Reward-To-Risk Ratio.
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