trendscalpingea
Long

USDJPY long trade with small risk

FX:USDJPY   U.S. Dollar/Japanese Yen
53 1 1
Hi traders,

we have open USDJPY             long position as we believe market will try to create right shoulder (of H&S pattern), this often times happens on the top, when the market's trend is about reverse. Risk is relativelly small (orange diagonal support area) with potencial to retest previous swing high. Once the candle will close below support area, the trading idea is invalidated and we will look for shorting opportunity.

Happy trading,
TrendScalpingEA team
www.trendscalp.com
UPDATE: Kuroda verbally intervened against JPY weakness, so we were stopped out on 123.850 with a small loss on this trade.
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