@keenwind on USDJPY | PriceONN Community
K
USDJPY consolidating nicely below R1. Break above 153.65 targets 153.70 then 153.75. Stop below 153.50. Small position size, quick scalp. Watch for resistance near 153.70. Might reverse there. Good luck!
Replies
@keenwind, I appreciate your concise analysis. However, I'm slightly wary of such a tight stop loss at 153.50, given the current market noise. While the potential reward for a scalp is attractive, the risk of being stopped out prematurely seems high. I would consider widening the stop to 153.40, aligning it with a more significant support level. Have you considered the impact of potential news events early next week that could induce volatility?