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USD/JPY - stop loss hunt, tinfoil idea

135
USD/JPY broke the monthly trendline (blue dotted line) and made a new low below the resistance zone (box) taking probably out a lot of stop losses. Normally these are signs of more downside and technically it is.

With my new tinfoil hat however I see the world with paranoid eyes, and feel like we all been trapped to exit longs and even go short. Hence I have a buy order with tight stop loss below the newest low.

At the moment I have no orders, but will buy exactly now at 107.236.

I want to believe!
İşlem elle kapatılmış
LOL!
Not
Tinfoil my ass. It's a pure dollar selloff squeeze. Look at the monthly chart:

USDJPY Monthly Trendline broken

Feragatname

Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.