Summer trading conditions. Take profit quicker. I like to drop down to the lower time frames during the summer market trading conditions to find points of entry, even when I have a directional bias from the higher time frame charts. Remember to take profit more quickly during the summer months as the setups may have less duration than they do the rest of the year.
The USD/JPY, EUR/JPY, CAD/JPY and AUD/JPY are all setting up sell trades from the 4 Hour charts right now, my favorite being the AUD/JPY, http://bit.ly/29gqKpJ . Keep in mind that you are trading against the BOJ if you sell, and tomorrow Kuroda speaks during the Asian session, which might lend some clues about the risk of bank intervention. For that rason I am standing aside on these trades, but for you aggressive traders, have a look at the sell opportunities for trend condition on these pairs.