USDJPY Trading Idea

Price moved below MA50 and a bearish candle tells us about possible down movement. RSI reversed in overbought zone. MACD starts falling and confirms down movement. DMI allows open short trades. We can open short trades based on the daily chart, but it's better to search for entry signals based on hourly charts, because of better R/R ratio. Entry is below 101.93 and stop above the swing high. Place take profit orders near the support level.