USDJPY There were some "gurus" today afternoon, screemming all the way buuuuuy, 150 and 151 coming....are you ok?? Let us know when you reach 151, cause we are concerned about your mental health based on market reaction.... The bottom line: Dont listen anyone and do your own research, nothing, literally NOOTHI NG showed bullish setup today on this pair.
Speak My Mind – UJ Price respected structure, but this one went against me—only because it was seeking major liquidity before setting up for the reversal to the upside. Too much minor liquidity in play along the path, which made the move inevitable. I’ve marked up the chart so you can see exactly how I managed the position through it all.
USDJPY Came to thinking, it just might happen the same scenario as with CPI is coming to be released. USD goes up before the rate is cut, just to prevent the huge drop. So, Im short to 146 ish and then going long as US wants retest today's high, then Im not sure. Probably down again from 148.750