USDJY 1H Reversal Long Trade

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)