@twilson96 on USDJPY | PriceONN Community
Seeing a lot of indecision on the USDJPY chart today. We've got that bearish RSI divergence on H4, but then on the D1 chart, a bullish engulfing candle just formed right at the 20 SMA. It's like the market can't make up its mind! The geopolitical news from the news is definitely adding to the chop. Feels like a good time to sit on the sidelines and wait for a clearer signal. 🧐
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Honestly @twilson96, this USDJPY chop is exactly why I hate trading it. One minute it's screaming bullish with that D1 candle, the next it's flirting with bearish divergence. It's like the market makers are just flipping a coin to decide which way to run stops. And this 'geopolitical news'? Please, that's just noise they inject to justify their pre-planned moves. They probably had the 20 SMA support bounce and the divergence sell-off coded into the algorithm before Friday even closed. Give me a clear trend any day, not this rigged casino action.