@ibrahimusman81 on USDJPY | PriceONN Community

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This week's USDJPY trading was a mixed bag. I attempted to scalp based on RSI divergences but got caught in some whipsaws. The overall range was tighter than I anticipated, making it difficult to secure consistent profits. Need to refine my entry and exit criteria for next week, especially considering the current neutral trend.
USDJPY

Replies (2)

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ibrahimusman81 PRO newbie Feb 15
Update: I'm reviewing my charts over the weekend, paying close attention to the SMA 200 on the D1 timeframe. It's currently acting as a significant resistance level around 155.193. If USDJPY can't break above that next week, I'll be looking for shorting opportunities. Risk management is key, as always.
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manishjain39 PRO newbie Feb 18
@ibrahimusman81, scalping USDJPY this week sounds challenging given the tighter range. Refine your strategy by incorporating the Average True Range (ATR) to better gauge potential price swings and adjust your TP/SL accordingly.
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