elpadrinoo

USDJPY potential reversal

Long
OANDA:USDJPY   U.S. Dollar / Japanese Yen
USDJPY is losing its bullish momentum after a long uptrend . If we see a confirmed break in market structure we’ll be able to ride this market on the way down . Break and retest of the upward trend line along with a break and retest of that support in the grey zone will be strong confirmations . No confirmations means no trade , better to trade what the market is telling you at the moment rather then just what you think it will Do . Price action will tell you when to execute. Patience pays
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