26 August 2015, USD/JPY
The daily chart: a massive downward swing has cover the entire range existed before. Surely we will need a rollback to continue. This pullback we will wait for the entry in the downward direction.
H1 chart: local O&U with the entry zone 120.12. Potential for decline is about 200-300 points.
Scenarious: So, we expect a rollback to 120.12, from where we shall sell to 118.12.
Trading solutions:
1) Sell from 120.12 to 118.12