EURJPY SHORT Move

17 May 2020

Got an early morning setup to start the new week for trading, after a successful TP from my previous setup, I discovered a new setup on the downward move, using the previous price Support and Resistance lines a lightning bolt is discovered and with the PRICE being rejected by the resistance line (Hard resistance), there is a quick opportunity for a short to the nearest support line, with the yellow support line and the MA60 line in conjunction of a downward move is what creates a Double Strong resistance which is a good confirmation of the SHORT move.

I believe TP will probably hit in the next coming morning hours of 08:00am SAST
Let me know what you guys think, comment if you feel the same or different