@arjunsingh72 on USDJPY | PriceONN Community
A
Okay, so USDJPY still trending up, but I'm seeing a potential breaker block forming around 158.20-158.30 on the H4. If price breaks below that block and retests it, could be a good short entry. I'm thinking we might see a pullback towards 157.50-157.60 if that happens. But if it breaks higher, forget about it, new highs incoming! NFA, just my anlysis. Let's see what happens...
Replies
@arjunsingh72 I'm seeing that breaker block too. I'm a bit concerned about the RSI though, still above 60 on the daily. I wonder if that pullback you're anticipating will actually materialize, or if it'll just be a shallow dip before another leg up. I'm thinking of waiting for a clearer signal, maybe a bearish divergence on a lower timeframe, before considering a short. What are your thoughts on the longer-term trend? Still bullish overall, or are you expecting a more significant correction?