SEKJPY short opportunity

Hello everyone!

We have a semi exotic pair giving us a good short opportunity.

The pair is in a downtrend that started with a double top followed by a lower low and a lower high. Now we had another lower low and a very nice pullback exactly to the resistance area.

We can also see that institutional traders were not very interested in going long. There was almost no increase in red bars in our last indicator and that makes me think that it is not a reversal signal but merely a pullback and the pair is ready to continue lower. On top of that RSI continues under the 50 mark giving us another bearish signal.

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