EURJPY Scalp opportunity with Short position

30 Ara 2019

We see here on EUR JPY two horizontal zones forming that have acted both as resistance and as support. These are what I expect the two most important levels on the short term we should keep an eye on.

The zones will reset in a few days, so this will give us a relatively safe short term trade opportunity to go short here. The price has just reached the resistance and as soon as it got touched we've seen a very large inverted hammer. A sign that the resistance is still strong.

I expect the price to go down one more time from here, but I feel bullish overall in the long term. Don't enter this trade for longer than a few days.

3 Oca 2020

İşlem kapandı: hedefe ulaştı

Very happy with this result, we saw that indeed the price bounced perfectly from this resistance. What a great scalp!