EUR/JPY Short

After a long time, I am placing a short trade on EUR/JPY. This is a short position where I’m risking about 5% of my account size on this setup.

The key level I’ve been watching for quite some time is the supply-demand zone at **166.79**, which has been consistently pushing the market towards a sell.

Now, there are two possible scenarios:
1. The market could experience a significant downturn, dropping sharply.
2. Alternatively, the market might enter a sideways zone.

If the market moves sideways, I anticipate it could range between **166.79** and **153.94**. Either way, whether the market sees a sharp decline or consolidates sideways, this setup is designed to remain profitable.

Thank you, everyone! That’s my take on this pair and setup for now.

**Date:** 21/11/2024