This is a setup I take over and over. EURJPY has been forming a series of lower highs and lower lows. Price has now created a new lower low, therefore if price can form a resistance, preferably at the broken level of support, then we can take a trade to retest the new low. This occurs over and over again in the market, and provided we see a strong bearish close on at least the 30m there is ~70% chance that price will move down to retest the low. Please be aware that the 4HR previous candle is bullish so manage risk and remember price can go either way. Any questions please feel to dm me. If you like this idea, and like the way I trade then follow me for more.