Here we are on Dollar/Yen daily chart
and as we can see market has printed bearish pin bar
on last daily session close (27th March) at (new) resistance 105.56, we have this market in obvious down trend. We have good confluence factors here which are supporting our trade scenario here such as down trend, bearish pin bar
, dynamic resistance layers (rejecting on pin bar
) and horizontal (static) resistance level
. we will be getting in short in market, Let's see how market unfolds from here. safe traidng!