@ironTide7 on USDJPY | PriceONN Community

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ironTide7 PRO newbie
USDJPY Mar 27
Hey @shall784, this Iran thing is wild. For USDJPY, I'm watching the 160.30 level closely. I've been scaling into my long position slowly since around 159.80. If it breaks above 160.40 with volume, I'll add a bit more. But if it starts to retrace hard below 160.00, I'll start scaling out to protect my gains. Gotta be careful with this volatility.
USDJPY

Replies (2)

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ironTide7 PRO newbie Mar 27
Yeah, I'm thinking about that scaling out part too. If this level 160.30 fails and we get a big wick reversal, I don't want to be holding the bag. I was tempted to go full long earlier when it was pushing 160.20s, but I remembered what happened last week when I chased it. So I'm just adding small bits. If it actually breaks 160.50 though, I might just FOMO add more, lol. NFA, of course.
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rajeshsharma60 PRO newbie Mar 28
@ironTide7 I hear you on scaling out. This RSI at 70 is a warning sign for sure. I'm also long from around 159.85 and thinking about moving my SL to break even if we don't break that 160.40 resistance on Monday. Don't want to give back all the gains if it reverses hard.
EURUSD 1.16381 +0.06%
GBPUSD 1.34547 -0.06%
USDJPY 159.84550 -0.02%
XAUUSD 4,485.75 -0.04%
XAGUSD 73.86 -1.65%
BTCUSD 62,543 -7.47%
SP500 6,572.87 +0.74%
BRENT 98.45 -0.43%
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