USDJPY: Bullish Bounce Likely!

Update: Trade is active
Update: Stopped Out

I am looking for a bullish rebound within the context of the overall bullish trend.

• The price formed a major long-legged doji candle today
  
• 50-day SMA acting as support
  
• 38.2 retracement level is holding
  
• Rising trend line acting as support
  

Thank you for reading , be one of the first members of my new trading portal, check my new website thefxchannel.com/ , vote and subscribe. Thank you

Trading Criteria:
1.Trades are taken in two units
2.First unit would be closed at first target
3.Stop loss is then moved to break-even
4.Second unit would be closed at second target
Notes:
5) If 90 percent of first target is reached without triggering entry I cancel the trade
6) If 90 percent of first target is reached I move stop loss to breakeven.
7) Remember: Losing is a main part of the game
------------------------------------------------------------------------------------------------------------------------------------------------------------
Good luck, keep your stops tight..
twitter.com/thefxchannel
www.facebook.com/thefxchannel
plus.google.com/+Thefxchannel0
My best regards
Technician