POSSIBLE PULLBACK AND SHORT - USDJPY - 1 HOUR CHART Short
U.S. Dollar/Japanese YenFXCM
Description
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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