msuhaimi2007

EJ : Short opportunity?

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FX:EURJPY   Euro / Iene Japonês
3
At first 'glare' 133.80 and 131.10 seem a very good SR line; proved with bounce that i mark with yellow box. As for right now in H1, price still dropping at normal pace IMO. Price still want to break 133.80 SR zone. Or it already break? I draw triangle and if price 'already' break this SR zone, then the drop is imminent.

I waiting for price to retrace back to 133.80 and enter short with SL above the trendline. However, if price not retrace and drop more to 131.10, i will go long there because 131.10 also have very good bounce in previous which i believe will make 131.10 a very good support line.

I draw green arrow to mark possible price movement. Lets see what will coming...
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