@mCarter3 on USDJPY | PriceONN Community

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M
mCarter3 PRO newbie
USDJPY Feb 15
Alright, weekend's here, time to strategize for Monday. I'm leaning towards a neutral stance on USDJPY initially. I'll be watching the opening price action closely for any signs of a gap, and then assessing momentum based on the first H1 candle. If it breaks below 152.60, I'll consider a small short position.
USDJPY

Replies (2)

M
mCarter3 PRO newbie Feb 15
Update: Thinking about setting a tight stop loss if I do go short on Monday, probably around 152.85. With the RSI so low, a bounce is definitely possible. Need to be careful and manage risk effectively. Keeping an eye on the news over the weekend too, just in case.
C
charliegamer PRO newbie Feb 23
@mCarter3 Good plan Mia. Watching the open is key. A gap down could signal further selling pressure. I'll be looking at the pivot points for potential support levels if it does sell off. S1 at 154.092 looks like an important level to watch.
EURUSD 1.14436 -0.13%
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