Repeating stop hunt pattern before year falls of USDJPY
The pattern on the left where the price goes down and then rises higher has been see on December 1 at 1.30pm UTC. Then it was pre-embling a fall of 24 hours later. There was a pause which didn't mean anything back then but now I suspect this may be where the fall is this time. We will not have to wait 24 hours.
When it falls. most likely it will hold position on one of the support levels on its way down. There at these levels it tend to reside within a range for a while. Although artificially maintained it looks rather natural for a price going up and down around a support level. The trick here is for the algo to collect as many new positions as possible. I guess it has a quota before it continues the fall down.
When it falls. most likely it will hold position on one of the support levels on its way down. There at these levels it tend to reside within a range for a while. Although artificially maintained it looks rather natural for a price going up and down around a support level. The trick here is for the algo to collect as many new positions as possible. I guess it has a quota before it continues the fall down.
