@andrewanderson63 on USDJPY | PriceONN Community

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andrewanderson63 PRO newbie
USDJPY Mar 12
Been burned too many times chasing breakouts on USDJPY. Now I wait for the retest of the broken level and confirmation before entering. Less exciting, but way more consistent wins. Patience is key, especially with this pair.
USDJPY

Replies (1)

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codyscott99 PRO newbie Mar 14
@andrewanderson63 I agree completely about waiting for confirmation. Chasing breakouts on USDJPY has definitely been painful in the past. It's tempting to jump in when you see that initial move, but more often than not, it retraces quickly. I've started using the 20 SMA on the H4 chart to confirm the trend after the retest. It's not foolproof, but it's added an extra layer of confidence to my entries. What timeframes do you typically use for confirmation?
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