Bounced of a key level with an added candlestick formation
The market is bearish and has been trending down for days. So taking a sell continuation is good at this rate. The market got to a key resistance and did not break that level at all instead formed a hammer/doji with a bearish confirmation which signals a good sell opportunity. With the news on JPY coming up we are looking forward to the completion of the down trend with its help. place a sell at the close of the 4hr candle and ride it down to the next zone. You may trail your stop as well to reap the benefits of the rally downwards.
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