USDJPY in a complicated situation after flash crash of 3 august

FX:USDJPY   U.S. Dollar / Japanese Yen
Hi pros!

Price flash krash the 3 august due to multiple bearish signs in techical analysis like a bearish channel , bearish triangle, H&S , etc
and there is bearish signs in fundamental analysis like apple falling because selling less phones

now price just forms a big daily pinbar showing short term bullish momentum and close above a strong structure between 108.1 and 108.5
so there is a good long setup with target 112
and sl below the major support

Then if price reach the major support, we can take profit and short with sl nearly the top of the last shoulder

This is just a possible scenario, price can fall instantly too I don't know

Trading plan:
-2 or 3% MM
-move sl to break even when 1:1

What is Flash Crash
A flash crash is an event in electronic securities markets wherein the withdrawal of stock orders rapidly amplifies price declines. The result appears to be a rapid sell-off of securities that can happen over a few minutes, resulting in dramatic declines. A flash crash, like the one that occurred on May 6, 2010, is exacerbated as computer trading programs react to aberrations in the market, such as heavy selling in one or many securities, and automatically begin selling large volumes at an incredibly rapid pace to avoid losses. Flash crashes can trigger circuit breakers at major stock exchanges like the NYSE, which halt trading until buy and sell orders can be matched up evenly and trading can resume in an orderly fashion.

Preventing Flash Crashes
As securities trading has become a more heavily computerized industry driven by complicated algorithms across global networks, the propensity for glitches, errors and even flash crashes has risen. That said, global exchanges like the New York Stock Exchange, Nasdaq and the CME have put in place stronger security measures and mechanisms to prevent them and the staggering losses they can lead to. They cannot eliminate them altogether, but they have been able to mitigate the damages they can cause.


Comment: If price break the major support the plan is invalid, and we can look to short
Trade active: bears are coming back , shorted with sl 108.8
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