USDJPY HAS REACHED ITS FIRST LOWER HIGH AFTER SUNDAYS SPIKE DOWN

Here I'm on the 15min. time frame at the first lower high from yesterdays spike down. I'm waiting fore price to show me a trustworthy bearish engulfing setup. The candles in the red box are a bearish engulfing pattern but the red EMA is not over the blue yet. The yellow box is an engulfing pattern as well and the red EMA is now clearly over the blue. Now waiting for the next candle to close bearish in the blue box. Once that happens I will place a sell order after the close of the bearish candle in the blue box.