USDJPY SELL: Weekly, Daily & 4hr.

USDJPY Short Thesis
- For a 2nd week price rejected off 110.82 on the weekly timeframe signalling bears entering the market.

- On the daily tuesdays candle closed as a bearish engulfing candle breaking through 110.82.

- On 4hr timeframe after break of 110.82 price took out previous lows starting bear trend.

- Now waiting for pullback, If 111.03 holds then we look for short positions down to 110.00.

Order cancelled:

Did not enter the first retest because of 111.03 because it was 22:00. If it was during the asian session at 01:00 GMT i wouldve shorted.