@VijayPatel on USDJPY | PriceONN Community

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V
For USDJPY, I'm scaling into shorts below 157.50. If we break that S2 pivot, I'll add more aggressively. My initial stop is just above the old high at 158.20.
USDJPY

Replies (1)

J
jwilson630 PRO newbie Mar 21
Hey @VijayPatel, interesting strategy scaling into shorts. I'm a bit hesitant to go short there if we're already near the highs. My gut feeling is that there's still some upward momentum, maybe some smart money hunting stops above 159.50 before a reversal. Might wait to see if that R1 pivot gets tested first.
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USDJPY 162.42862 +0.16%
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