Ninja Short- Confluence of Horizontal and Diagonal Resistance

١٣ فبراير ٢٠١٦

Easy set up to trade here. We have a clear downward trend forming on USDJPY and a nice range for multiple short opportunities. We have price coming back up to touch a major former support level, now turned resistance. This resistance level coincides with a diagonal resistance from its current down trend range. Easy 500+ pip short