YongLiang

USD/JPY, DAY CHART, LONG (2-JAN-2017)

Lång
OANDA:USDJPY   USA-dollar/Japansk yen
Note:
Overall, we remain bullish on USD/JPY pair.
Now, price having correction to 20-EMA, followed by
a bullish signal.
It is a Swing Setup, but aware of the immediate strong resistance zone.

There are 3 trading plans for this trade:
1. Long now with little risk amount as it is a
good swing setup.

2. Wait the price having more correction to the
strong support zone, it is a good time to accumulate
long positions.

3. If the price managed to break the strong resistance
zone, wait for Pullback and bullish signal to long!
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