From our previous analysis, I have analyzed that JPY is getting stronger at the moment, thus USDJPY would be a bearish market.
From COT perspectives (Order Flow perspectives), hedge fund has been closing a massive short positions in a bullish market (JPY) and keep adding long positions. This is a common manupulation in the market because adding long and closing short position could lead the market into bullish.
In conclusion, we will be monitoring the price action in 4H time frame, because my strategy is "Monthly,Weekly, Daily for direction & 4H for entry."
Do drop a comment at the comment section below! We can share our analysis to each other.
Kindly take note that my analysis is based on COT perspectives and technical analysis .
Also, we always reacting to the market instead of predicting the market.
From COT perspectives (Order Flow perspectives), hedge fund has been closing a massive short positions in a bullish market (JPY) and keep adding long positions. This is a common manupulation in the market because adding long and closing short position could lead the market into bullish.
In conclusion, we will be monitoring the price action in 4H time frame, because my strategy is "Monthly,Weekly, Daily for direction & 4H for entry."
Do drop a comment at the comment section below! We can share our analysis to each other.
Kindly take note that my analysis is based on COT perspectives and technical analysis .
Also, we always reacting to the market instead of predicting the market.