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** USDJPY Analysis - Listen to video!
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Just the opposite is happening. Don’t understand why.
decentMaster14067
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@decentMaster14067 on second thought it is exactly behaving like you predicted. 160+ pips up. Now let’s see if this will fall. Do you think it will still happen keeping in mind imp US news drops tomorrow.
BKTradingAcademy
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@decentMaster14067, There's a strong possibility but anything can happen in this market.😄 The best thing you can do is follow your risk plan.
BKTradingAcademy
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@decentMaster14067, I believe it's a combination of factors: the hike wasn't aggressive enough to strengthen the yen, their bond purchase had no changes, and potential market domination can never be ruled out. :) The major players need higher highs to make money then the price will fall. Let's see how FOMC plays out.
decentMaster14067
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@BKTradingAcademy, thank you for the nice explanation, hope it plays out. I am already 4-5% drawdown. FOMO got me on this one. I kept removing my SL and now I am down 100pips, classic beginner mistake I guess! but thank you for your time. I appreciate it. Great content on YT btw!