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Long

USDJY 1H Reversal Long Trade

FX:USDJPY   U.S. Dollar / Japanese Yen
Price should be retracing with a pull back short then off to the races. There are lots of potential entry points. As you come to an entry level take 1/2 position off (bank some money as you go) and watch 15 m chart for re-entries. 5 pips before level exit & 5 pips above level re-enter. We are combining the 1H and 4H 50 sma levels, 100 sma levels and 800 sma levels.
Comment: pair did rise from the 50 sma to the 100 sma for 34 pips. Now it has broken the 100 sma with a Break Hook and we are watching for it to Go (continue long)

Comments

is it still long ??
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