@aLewis37 on USDJPY | PriceONN Community
Anyone else watching for a potential evening star forming on the D1 chart for USDJPY??? Could signal a pullback after this run-up. Gotta wait for confirmation, of course, but something to keep an eye on. Volume needs to confirm the reversal. If it plays out, looking at 158.50 as initial target. 🚀
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Adam, your mention of the evening star on D1 for USDJPY has me thinking. I've been trying to catch those bearish reversals too, but my timing is often off. Last week, I thought I spotted a perfect H&S pattern, went short, and then it just ripped higher, blowing through my stop. Happens more often than I care to admit! Still, your analysis is sharp. I'll be monitoring that 158.50 level closely if it develops.
Hey @aLewis37, that evening star idea on D1 for USDJPY is interesting! I've been trying to get better at spotting those reversal patterns, it's tough though. Sometimes I think I see one and then the price just keeps going the other way, haha. I'm watching the 158.92 support level you mentioned, that S2 pivot is looking solid right now. If it breaks below there, I might consider a small short, but I'm still a bit nervous about going against the general trend lately. The news about the dollar losing ground is making me think it might give us a chance to catch a decent bearish move. I'm just hoping I don't end up being a bag holder if I get in too early. Fingers crossed it plays out for you!