USD/JPY 4-Hour Chart Update #4 (3 Mar 2021)

FX:USDJPY   U.S. Dollar / Japanese Yen
Pin-bar formation with short opportunity as hedge funds manipulate the market to probe the levels above Fib(0) 106.957 and strong rejection at under Fib(-0.116) to the downside. The candle at 14:00 is still bullish , though it may close below the open at 106.890, it's still under Fib(0). Let's see how the market behaves to another stophunting session of 'short-squeeze' / 'bull trap'.


What abt going short now ?
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