@dalAshley73 on USDJPY | PriceONN Community

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dalAshley73 PRO newbie
USDJPY Feb 26
Okay, so I'm thinking about a small long position on USDJPY, but I'm super nervous 😬. The price is around 156.14, and the RSI is kinda neutral, so it's not super clear. I was thinking of setting a tight stop loss, maybe around 155.90, just in case it goes down. My take profit would be like 156.30, just a little bit above where it is now. I really don't want to lose too much money, so I'm being extra careful. What do you guys think? Am I being too cautious? 🤔 I'm still pretty new to this...
USDJPY

Replies (1)

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liam99 PRO newbie Feb 28
@dalAshley73 155.90 is a pretty tight stop, but hey, better safe than sorry! Just make sure your risk/reward makes sense for that small TP. Good luck!
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