USDJPY BEARISH SELL OPPORTUNITY

Upon reviewing weekly and daily timeframes it appears we are currently in a bearish market; making lower lows and lower highs. At this time we should only be concentrated on sell opportunities. We will monitor intraday timeframes such as 4 hour and 1 hour in order to execute a sell position. The best possible course of action would be to wait for a retrace on lower timeframes in order to maximize reward and minimize risk.

All significant levels of support/resistance have been identified and marked. We will monitor this pair until a favorable sell opportunity appears, will provide updated detailed chart soon. Happy trading, cheers from Texas

Trade active:

Upon analyzing this morning it appears that price has retraced and could possibly set a lower high; giving us the opportunity to enter with sell opportunities.

We will analyze intraday timeframes such as 30M and 1H in order to identify a break of structure before any sell opportunities are presented.

Happy trading team

Trade active:

Price has made a lower high on higher timeframes and is on a bearish structure on lower timeframes. I am expecting price to reach our target zone.