13 November 2015, USD/JPY
Daily chart: So, the downward swing is ready, the price groped the potential bottom 122.49. If bears can not extend the current swing, bulls would attack in the direction of breakdown of the last Top (123.60)
H1: local descending structure and bears obviously do not give up - the inside bar at the end of the upward swing was drafted - it's a good short signal. But sellers need to break through the last bottom (122.49), otherwise we'll have rise of the bottoms of the structure and, therefore, an upward reversal.
Expectations:
1) Decline from current levels and breakdown of 122.49, followed by continuation of the drop. 2) Decline, but then the inability to break under 122.49. This will lead to upward reversal and impulse shift of the price above the last local High (122.79), with prospects of rising above 123.60 (extraday)
Solutions: 1) Sales from the current at 122.49. 2) In the case of a double bottom in the area of 122.49 - you should covered sale and Buy in the medium-term on a daily trend upwards. Intraday goal - 123.00
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