@RubyHarvey on USDJPY | PriceONN Community

Hey @RubyHarvey, Fibs are definitely a staple, but you gotta use them with other confirmations. For USDJPY, I usually draw them from the major swing highs and lows on the daily or H4 charts. If I'm looking to go long, I'll watch for price to pull back to a key Fib level like 38.2% or 61.8%, and then look for a bullish candle pattern or an RSI divergence to confirm. Setting stops is crucial; I'll typically place it just below the Fib level I'm targeting or the swing low that formed the retracement. Don't blindly trust the Fibs alone though, especially with USDJPY’s current volatility. Maybe keep an eye on the 200 SMA too, it's been acting as a decent support/resistance recently.

Hey @RubyHarvey, that's a good question about Fibonacci levels. I've been trying to get a handle on them myself. For USDJPY, I find drawing them from the major highs and lows on the daily chart gives a good starting point. I usually look for confluence with other indicators before setting stops, though. Still learning the ropes.

Hey @RubyHarvey, Fibs are cool and all, but who has time for all that drawing? 🤔 I usually just eyeball it, or if I'm feeling fancy, I'll check the H4 chart for big wicks. For USDJPY, it's been all over the place, so I'm just looking for that big impulsive move. When I see it, I'll just throw everything I have at it with 100x leverage and pray. 🙏 Honestly, stop losses are for people who are scared of losing it all. You gotta be willing to go all in or go home! 🚀 Just follow the adrenaline!