POTENTIAL SELLS HERE ON USDJPY
I see the price is at a strong level of resistance. Im looking for signs of sellers coming into the market on lower time frames. All higher time frames are in an uptrend so this is a counter trend trade so if i dont see support being broken on lower time frames i will not enter. If this resistance is broken and retested as support, Id look for longer term buys.
lower time frame perspective. I already see rejections to resistance. a more safer entry would be after the break and retest of support as resistance and/or trendline and retest on the backside of the trendline.