@chloeclark97 on USDJPY | PriceONN Community

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Okay, so I've been trying to understand the pivot points better. For USDJPY, S1 is at 153.71 and R1 is at 153.874. That seems like a pretty small range, doesn't it? Does that mean it's not going to move much today? Or am I missing something? I'm thinking of setting a stop-loss order slightly below S1, but I'm worried it might get triggered by just normal fluctuations. Any advice on setting stop-loss levels when the range is this tight?
USDJPY

Replies (1)

J
jmorris190 PRO newbie Mar 2
@chloeclark97 Pivot points are just one tool, don't rely on them too much! Small range doesn't always mean small movement. News can make it fly. Good luck trading
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