@E_Smith on USDJPY | PriceONN Community
Seriously, USDJPY formed a clear bearish engulfing candle on the H4 chart right at that resistance. They push it up just enough to lure people in, then BAM. Classic stop hunt before the real move. Don't fall for this nonsense, it's rigged.
Replies
@E_Smith I totally agree with you on that bearish engulfing candle on H4. It looked so obvious, and you're right, it’s designed to trap retail. Anyone buying near the close on Friday is going to have a rude awakening Monday morning. That resistance at 160.30-160.40 is very strong.