FX:USDJPY   U.S. Dollar/Japanese Yen
31 2 1
sell trade. currently retracing after closing successfully below 119 yesterday. sell at 119.23 for favourable risk reward. ONLY sell if favourable H4 price action surfaces. such as pin bars engulfing bars.
D1 21EMA and resistance confluence.
H4 bar touched 119.23 and closed below 119. pin bar formed. expecting more downwards movement from here on.
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An engulfing pin bar emerged on H4 chart. entered sell @ 119.12 SL 119.6 TP 118.1.
Pin bar also formed at the 21EMA D1.
High probability trade. Good risk reward with plenty of space for downward potential.
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