SO this is the second bearish
trade set-up on USDJPY
and the idea of this strategy is since the market has just broken major support structure and most times it usually comes back to re-test that structure which will now act as resistance, before continuing the bearish
momentum. If you are gonna be taking this trade then there's 2 ways you can place your stops, the standard way is stops must go above previous structure however, that will only give you a r:r ratio of just 1:1 but you can also place your stops above the 61.8 fibonacci retracement
level so whichever you are comfortable with. Personally, I wont be trading this pair using this strategy as I already have a potential bearish pattern
also setting up on this pair as i mentioned in my previous post.