USDJPY stop hunt
Crowd behaviour analysis support contrarian approach towards the recently shaky USDJPY.
Although, not at the price surmised by most spectators.
Every pip lower has been carefully analysed and scrutinized by market observers and a like.
Wishful thinking feeds the hope for imminent rally, which in reflection amplifies the fear from crack down,
therefore mass stops are lined up very tight around the 100.80 low.
Analogous situation did occur in late May and with Elliott Wave methodology providing clear idea of scope and density,
self-similarity inclinations abet the reckon developments.
Although, not at the price surmised by most spectators.
Every pip lower has been carefully analysed and scrutinized by market observers and a like.
Wishful thinking feeds the hope for imminent rally, which in reflection amplifies the fear from crack down,
therefore mass stops are lined up very tight around the 100.80 low.
Analogous situation did occur in late May and with Elliott Wave methodology providing clear idea of scope and density,
self-similarity inclinations abet the reckon developments.
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