EURJPY - Daily - Short

16 thg 10, 2021

A very power Major SR from many weeks ago ( about Oct 1,2018 and Mar 23, 2018), makes a good resistance line which is caused a trading zone. Its the second time that price tests the zone and fall again. According to H4 doji candle, It is a good opportunity for short Position. SL is a few pips above the zone and target is about 128.
On the other hand, Japanese Index (JXY) encountered its lowest price from weeks ago and it must recover.
Dont forget correct risk management.
Regards