@HarryW81 on USDJPY | PriceONN Community
Just closed my short on USDJPY around 158.70, got stopped out earlier near 159.10 😫 Was hoping for a bigger drop but the yen seems sticky. Gotta be quick with these scalps, lesson learned. Maybe I should stick to crypto for now lol
Replies
Yeah, I was thinking about that 200 SMA too, @LachlanLewis. It looks like it's holding price above for now, but it's super close to the current price at 158.533. I'm still trying to figure out how to use SMAs effectively, especially with how volatile USDJPY can be. Like, if it breaks that 200 SMA, does that mean a big move down is coming or is it just noise? 🤔 I got stopped out of a short earlier because it just kept hovering around 159 without really committing to a direction. It's tough for a beginner to know when to enter or exit, especially when the price is right on a key level. I'm trying to spot some divergence on the RSI but it's not super clear right now. Maybe I should just wait for a clearer signal? 🤷♂️
Ah @HarryW81, sorry to hear about the stop out. Happens to the best of us with scalping USDJPY, it can be super choppy. That 159.10 area was definitely a tough resistance. I saw price struggle there too. Maybe wait for a clearer break of either the S2 pivot at 158.73 or R1 at 159.07 before jumping back in?