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
http://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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