USDJPY Long - 9 May 2017

Background:
- Seems like price breakout and retested the descending channel with the bullish reversal candle
- Bull momentum seems great now with price trading above 70 at MACD and RSI

Entry:
- Buy stop with 20 pips above the 8 May 2017 bullish reversal candle

SL:
- Set with 20 pips below the 8 May 2017 bullish reversal candle low

PT:
- Potential resistance with daily horizontal resistance level at 115 region
- However PT set based on weekly chart, near the weekly swing high @ 116.2

Notes:
- Pay attention to any possible reversal sign