See daily chart of USDJPY below for the discussion that follows.
USDJPY made a bearish engulfing candle around a resistance area. As the candle is pretty big, I will be looking to go short if there is a retracement into its body (around 50%).
Remember, always have your own trading plan and never follow other people blindly. Always know where you will be proven wrong on any trade and have stops in place. Stick to your stops and never bet the farm.
On Ideas: Please don’t take this as trading advise. Please do your own due diligence before entering any trade. Also see Disclaimers.