USD/JPY - Short Bias
Chart: 30 min time frame
Market: Bearish
1. Daily trend is bearish with price below 50 ema
2. Daily chart shows high test candlestick rejecting 50 EMA + res level @ 102.4
3. 1 Hour chart has price pulling back to 50 ema, and rejecting dynamic resistance (critical to my entry criteria)
4. Price rejecting trend line resistance on 30 min chart
Market: Bearish
1. Daily trend is bearish with price below 50 ema
2. Daily chart shows high test candlestick rejecting 50 EMA + res level @ 102.4
3. 1 Hour chart has price pulling back to 50 ema, and rejecting dynamic resistance (critical to my entry criteria)
4. Price rejecting trend line resistance on 30 min chart
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