EURJPY Scalp opportunity with Short position

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.

Trade stängt: målet nått:

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