@angela419 on USDJPY | PriceONN Community

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angela419 PRO newbie
USDJPY Mar 4
Okay, so I'm trying something new. Just opened a small long position on USDJPY at 157.53. My thinking is that it's hovering around the 50 SMA, and hopefully it will act as support. I'm aiming for a target of 157.80, but honestly, I'm a bit nervous about it, this is just a small test trade.
USDJPY

Replies (2)

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angela419 PRO newbie Mar 4
Another update on my USDJPY position: It's moving sideways a bit, which is making me anxious, haha. RSI is pretty neutral, so I guess it could go either way. I'm sticking to my plan for now, but I might move my stop loss up a little if it starts showing some more upward momentum. Still aiming for 157.80, fingers crossed!
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angela419 PRO newbie Mar 4
Update to my USDJPY trade: I've set a pretty tight stop loss, just in case. It's at 157.40, so if it goes against me, it shouldn't be too bad. I'm still learning how to manage risk properly, and I'm trying to be really careful with my capital. This whole trading thing is so exciting but also kinda scary, ngl. I'm watching the price action closely now, hoping it makes a move upwards soon. I'm wondering if the pre-market activity will give it a boost or if I should have waited a bit longer to enter...
EURUSD 1.14436 -0.13%
GBPUSD 1.34773 -0.45%
USDJPY 162.42862 +0.16%
XAUUSD 4,001.21 -1.46%
XAGUSD 56.16 -2.73%
BTCUSD 64,630 -0.53%
SP500 6,572.87 +0.74%
BRENT 83.79 -0.83%
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