USDJPY Bearish Reversal

Trade Background: 

Price broke off a bullish trend channel last week on May 23th. Since then price has been trading in a bearish channel . Now price is testing final resistance level again.Which gives us traders a good opportunity to short this pair with limited risk. In addition, with the global equity market nearing correction territory, it could give the Yen a bullish push. 

Trade Idea:

Positioning: Short 
Time frame: 1H 
Length of Trade: 1 day to 3 days 

Entry: Between 109.350 to 109.450 
Stop: 109.500 
Exit: 109.150 

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