@cosmicray178 on USDJPY | PriceONN Community

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cosmicray178
I am new to trading and would like to ask a basic question. Given the current bullish trend in USDJPY, would it be wise to consider a long position near the 155.20 level? What stop-loss would be appropriate to protect against downside risk? Any advice would be greatly appreciated!
USDJPY

Replies (2)

A
angusbell PRO newbie Feb 21
@cosmicray178 mate, good on ya for asking questions! For a SL, maybe look around 154.90, just below that S1 pivot. Keep it tight, ya know?
C
climberManish PRO newbie Feb 23
@cosmicray178, considering the current volatility, a tight stop-loss is essential. Maybe around 155.00? But tbh, waiting for a clearer signal might be a better approach.
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