Getting in early on a trend reversal (EUR/JPY)

305
Setup
Bearish: Potential long term top.
Bearish engulfing candlestick from multi-year highs
RSI has dropped from 70 overbought

Signal
Fakeout: Looking for rebound to stall near the former resistance at 174.
RSI bearish divergence, taken out support
Caution: uptrend line has held so far. A break would confirm trend reversal.

Too early to trade the reversal?
Would you weait for a breakdown first ?

Let's discuss

Ta, Jasper

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