@nycAshley24 on USDJPY | PriceONN Community
Okay, so USDJPY is looking pretty interesting right now! I'm seeing a potential long setup forming on the daily chart. We've had a decent pullback to the 146.50-147.00 area, which coincides with a key Fibonacci level. RSI is also showing some bullish divergence, which is always a good sign. I'm planning to enter a position with a tight stop loss around 146.00 and targeting 148.50 initially. If we break that, I'll be looking at 150.00 as the next potential target. This is a higher-risk trade, so manage your position size accordingly! Let's make some money!
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Update: Just entered my long position at 146.80. Let's see how this plays out!
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@nycAshley24 I agree USDJPY looks bullish on the daily. That fib level you mentioned around 146.50-147.00 is key. But with the RSI so high, I'm hesitant to jump in long right away. Waiting for a confirmation pullback before entering. Good call on the bullish divergence tho!
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@nycAshley24 That's an interesting point about the bullish divergence on the RSI. I'll have to take a closer look at that. I'm always a bit wary of Fibonacci levels, but it's definitely something to consider.