USD/JPY 4/25/19

2019年4月25日Yesterday we got a breakout of the channel that it had been in for about a week and a half. It was to the upside. But time showed that it was a false breakout to the upside for the bears to take over. I am expecting a retest and a 100 pip move to the downside. If we get a closing candle in the zone again trade is invalid. Always check off your checklist. Trade confirmations, don't chase the market. You will get burnt. Just like that false breakout to the top. All those buyers chased the trade and then all got reversed on.