@TylerWalker on USDJPY | PriceONN Community
USDJPY's been a wild ride lately, hasn't it? 😂 I'm seeing a potential short setup forming, based on divergence on the RSI and a possible double top around 153.50. I'm keeping a close eye on it. Might be a good opportunity to fade this rally. 🐻 Let's see what happens!
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Update: Okay, so about that short setup... 😅 It's looking less likely now. The price is consolidating around 153.30, and the SMAs are still showing bullish momentum. I'm adjusting my strategy to be more neutral for now. Maybe wait for a clearer signal before jumping in. I'm thinking a break above 153.50 invalidates the short idea. I'm still watching for a potential pullback to the 153.00 level, but I'm not holding my breath. Patience is key, right? 🧘♂️ Gotta love algos, they keep you on your toes!
@TylerWalker Interesting take on the short setup! I see the RSI divergence you're talking about, but the overall trend still looks pretty bullish to me. 🤔 Maybe a short-term pullback to 153.00, but I'm not convinced it'll be a major reversal. The 20 and 50 SMAs are still acting as support. I'm thinking it might just consolidate before another leg up. What do you thnk?
@TylerWalker Interesting call on the potential short, Tyler. I'm seeing that divergence on the RSI too. 153.50 does look like a key level. But, what if it's just a fakeout before another leg up? I'm always wary of double tops, they can be tricky. I'm gonna keep an eye on the price action around that level before making any decisions. Thnk I'll wait for confirmation first.