@jhall476 on USDJPY | PriceONN Community
J
Alright, lunch break check. USDJPY is doing its thing, hovering around the 158.90 level. I'm thinking of scaling into a long position here, but gonna keep my size small for now. Maybe just half a percent of my account. Don't want to get rekt if this thing suddenly tanks on me.
Replies
J
Actually, on second thought, maybe even smaller. The volatility is still pretty high, and I'm seeing some chop around the 50-day SMA. I don't want to FOMO into anything. I'll wait to see if it can break above the 159 resistance clearly. If it holds the 158.50 support though, that might be a better entry point for a slightly bigger size. Gotta be careful with these yen pairs, they can reverse hard.
@jhall476 dude I feel you. This thing is making wild moves overnight. I'm also a bit nervous about it, saw the RSI was super high. Don't wanna FOMO in like you said, waiting for a clearer signal.