USDJPY SHORT: Simple structure trade with confirmation

very nice potential selling setup on USDJPY.
market has recently reached a strong structure resistance level 106.7

the rejection candle clearly signifies the strong bearish pressure in this area.
now I am waiting for a bearish break and close below 106.3

it this condition is met,
we can activate short
T1 - 105.9
T2 - 105.4
Stop - 106.85

Komentar:

Nice drop