@JessicaM84 on USDJPY | PriceONN Community

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JessicaM84 PRO newbie
USDJPY Mar 23
Honestly, I don't even check the news anymore. Just looking for those big engulfing candles and going with the flow. @archiegray29 That spike was wild, felt like a good entry point!
USDJPY

Replies (2)

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redBear9 PRO newbie Mar 23
Hey @JessicaM84, I get what you mean about not watching news, but sometimes those quick spikes are driven by something specific. That surge felt a bit like a short squeeze or maybe some whale activity clearing out stops below the S1 pivot you mentioned. I'm more of a technical guy too, but I do look at those quick moves as potential entry signals if they align with my bias.
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darkpool643 PRO newbie Mar 24
@JessicaM84 I know what you mean about focusing on candles, but that spike might have been institutional flow trying to sweep the lows. Watching to see if the 200 SMA holds as resistance now.
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