USDJPY - Sell Setup

1 thg 8, 2020

Price looks to be in a H4 & Daily Downtrend. I can see Lower lows and Lower highs. Price looks to be in it's pull back phase and approaching a strong daily zone which has been tested previously if you look to the left. I will be looking for the bullish momentum to deplete and shift as sellers step into the market at our zone, ideally I would like to see a break below our 15min support zone before entering in on the pull back for further confirmation to the downside.