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USDJPY setup

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G
@godswillfx - 3 months ago - Currency Pairs

I took a quick sell on USDJPY.

This trade is a scalp trade for me

I'm selling to buy below

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@godswillfx - 3 months ago

I got stopped out

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@kehinde - 3 months ago

uhmm, what was your reason for shorting @godswill?

@godswillfx
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G
@godswillfx - 3 months ago
Quoted - kehinde

uhmm, what was your reason for shorting @godswill?

I saw a market structure shift, liquidity and poi

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@godswillfx - 3 months ago
Quoted - kehinde

uhmm, what was your reason for shorting @godswill?

The analysis wasn't wrong... I was just stopped out

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@yokoyi - 3 months ago

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.

@kehinde
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G
@godswillfx - 2 months ago

I'm currently shorting USDJPY.

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@yokoyi - 2 months ago
Quoted - godswillfx

I'm currently shorting USDJPY.

USDJPY has been behaving funny lately

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@godswillfx - 2 months ago
Quoted - yokoyi

USDJPY has been behaving funny lately

Yes ooo..

The whole market is dancing around since Donald Trump came onboard

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@chris_4eva - 2 months ago
Quoted - godswillfx

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

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@godswillfx - 2 months ago
Quoted - chris_4eva

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.

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@godswillfx - 2 months ago
Quoted - chris_4eva

The BOJ must be intervening in the Yen exchange rate sine last week

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.

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