USDJPY 15MN pair price action is now sitting at a resistance area on chart, previously (look left was a support area). Last three 15 mins candlesticks could not break this resistance area (45 mins of trading). Appears that last two candlesticks are making a Bearish Harami reversal pattern (two candlestick pattern, which previous candles body is larger then the next candlesticks body, which is inside of larger body). This one red candlestick's body can fit inside of left candlestick. This is one of the few reversal patterns to look for when trading.
From the longer time frame charts of USDJPY pair, appears that around 106.000 is a major support area. On 15 mins time frame and noted on chart are light blue lines, which show support and resistance areas. Also, note two triangle or consolidation areas & direction to trade when a break out occurs. In my opinion, I believe this pair is bearish and has just started Eliot impulse wave 2-3 (longest wave) downward at this time. Can trade 15 mins charts for 1 hour trade or higher, with right set up. Trends, S/R etc.. On breakouts, make sure you let PA run some, to give it time.
From the longer time frame charts of USDJPY pair, appears that around 106.000 is a major support area. On 15 mins time frame and noted on chart are light blue lines, which show support and resistance areas. Also, note two triangle or consolidation areas & direction to trade when a break out occurs. In my opinion, I believe this pair is bearish and has just started Eliot impulse wave 2-3 (longest wave) downward at this time. Can trade 15 mins charts for 1 hour trade or higher, with right set up. Trends, S/R etc.. On breakouts, make sure you let PA run some, to give it time.