pree the risk/reward ratio

FX:USDJPY   U.S. Dollar / Japanese Yen
okay maybe im over exaggerating. But theres a good chance of this short opportunity happening.
What would you look for in order to determine you should place the short position? When is the price action ready?
@x2dazo, NOW is a good time to enter as there is a huge bearish engulfing candle stick.
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