rkarara

POSSIBLE PULLBACK AND SHORT - USDJPY - 1 HOUR CHART

Short
FX:USDJPY   U.S. Dollar / Japanese Yen
SEE PICS BELOW FOR FULL VIEW!

4 HOUR CHART
- if 6 o'clock close candle closes below previous structure low, indicating to go lower
- strong bearish candle broke through level 112.781
- engulfing previous 4 candles
- wait for candle close ( 6 o'clock)

1 HOUR CHART
- price was consolidating but broke out to the downside
- looking for a pullback to the 112.781 level for a entry reason to the downside

TARGET
- TP would be next support level of 111.774