Institutional Analysis: Manipulation detected on USDJPY
At 1H timeframe we see a clear manipulation upwards with the result that big players run long positions in loss which they have to close. When the price returns there we can enter a short position to take advantage of this small correction.
There is no trend in the market, so a change at this point seems realistic.
For the moment, many buyers come out of the market. That means that the price will come soon to this price.
We will place our stop loss above the institutional candlestick and our take profit above the previous lows.
Fell free to write your opinion in the comments.
There is no trend in the market, so a change at this point seems realistic.
For the moment, many buyers come out of the market. That means that the price will come soon to this price.
We will place our stop loss above the institutional candlestick and our take profit above the previous lows.
Fell free to write your opinion in the comments.
Let's wait for our profits now ^^