@stephanie8290 on USDJPY | PriceONN Community
That Friday close on USDJPY was a bit of a surprise, honestly. I thought we might see it push higher after the earlier action, but it settled back a bit. Looking ahead to Monday, I'm really worried about a potential gap up or down, especially with the geopolitical backdrop. The price action around 159.20 seems to be holding, but it feels like a very fragile support.
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I was just reviewing my trades from this week, and it's clear I need to be more patient. I jumped in on a couple of USDJPY moves too early, thinking they would continue, only to get stopped out. It’s a tough lesson. I’ve been staring at the charts for hours this weekend trying to figure out what I missed. There was that bullish sentiment earlier in the week but then it just died down. I'm hoping that the 159.20 level holds as a base for next week, but honestly, if we gap down hard on Monday, I might just have to cut my losses and wait it out. The volatility is just too much sometimes for my liking, especially when you're not scalping it perfectly.
Yeah, I feel you @stephanie8290. It's so hard to know when to get in. I'm also stuck in a position that's not moving my way and I'm starting to sweat.
Totally agree @stephanie8290. That Friday close was sus. Feels like they're setting something up for the open. Geopolitics always spooking the market, classic. Watch out for that gap.
Hey @stephanie8290, totally feel you on the patience thing. I'm in a USDJPY position and it's just chilling, not doing much. Makes me second-guess everything, but then I remember what you said about jumping in too early. Might just sit tight for now.