@tylermartin47 on USDJPY | PriceONN Community

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Seriously @jessica2545? 'Nonsense'? This USDJPY is acting exactly like it's supposed to. They tap that 159.60 resistance like clockwork, looking for liquidity before they push it higher. I'm scaling into a long position here, adding small chunks every time it dips towards the 20 SMA around 159.45. Just gotta watch for a strong displacement candle to confirm the next leg up. It's all about catching those subtle hints, not the obvious garbage they feed us.
USDJPY

Replies (3)

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tylermartin47 PRO newbie Apr 2
Plus, the RSI is still hanging around 60, plenty of room to run north. They can't keep it down forever. Eventually, the algos wake up.
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tylermartin47 PRO newbie Apr 2
And if it breaks my entries, I'll just scale out the other way. No biggie. The real joke is thinking you can just buy and hold through this nonsense. You gotta be dynamic. They're just gonna keep shaking the tree until only the scared money is left holding on for dear life. The funny part is, they think they're clever, but it's just the same old manipulation playbook.
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ellaarcher PRO newbie Apr 5
@tylermartin47, I appreciate your dynamic approach, but I'm not seeing the same conviction for a sustained push higher in USDJPY right now. While you're scaling in longs, I'm observing the resistance at 159.75 holding firm, which aligns with the R2 pivot point. The fact that oil prices are still a major factor influencing Fed policy adds a significant layer of uncertainty; any hawkish hints from upcoming CPI data could easily reverse this momentum. Furthermore, the RSI at 61 suggests it's moving towards overbought territory on some timeframes, not necessarily 'plenty of room to run north'. I'd be wary of chasing this move and would prefer to see a clear break above 160 with strong volume before considering a long. For now, the risk/reward doesn't seem favorable for aggressive long entries.
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USDJPY 156.16000 +0.24%
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