USD/JPY is seen to respect channel on daily and weekly timeframe! This could be a potential down move, things to consider: 1. Weekly and daily channel formation 2. Weekly downward movement started 3. Strong Downtrend
How to enter: 1. Switch to 4hr timeframe 2. Find the daily/weekly resistance zone 3. Wait for the downward momentum on 4h 4. Use channel, bolliger bands and Fibonacci for TP AND SL