I took a quick sell on USDJPY.
This trade is a scalp trade for me
I'm selling to buy below
I got stopped out
uhmm, what was your reason for shorting @godswill?
I saw a market structure shift, liquidity and poi
The analysis wasn't wrong... I was just stopped out
The market opened with a weekend gap, so the playbook here would have been to short towards the gap. Price will likely move to fill the gap in most cases, as you can see here price has now filled the gap completely.
I'm currently shorting USDJPY.
USDJPY has been behaving funny lately
Yes ooo..
The whole market is dancing around since Donald Trump came onboard
The BOJ must be intervening in the Yen exchange rate sine last week
Yeah, looks like it. Japan intervened around late April/early May (including holidays), spending big to defend the yen near 160.
It worked short-term , pushed USD/JPY down from those highs but effects are fading fast as usual. BOJ/MoF data points to repeated action.
