@noah_k48 on USDJPY | PriceONN Community

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Given the current neutral trend and the weekend ahead, I've decided to reduce my USDJPY exposure slightly. I've tightened my stop-loss orders to minimize potential losses from any unexpected gap opening on Monday. It's always prudent to manage risk, especially when the market is closed and external factors could influence the opening price. Let's see what next week brings.
USDJPY

Replies (1)

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noah_k48 PRO newbie Feb 14
Update: I'm also considering the possibility of a false breakout. Given the proximity to the pivot point, a sharp move in either direction could be followed by a swift reversal. Therefore, I'm prepared to adjust my strategy accordingly. Patience is key in these situations; it's better to wait for confirmation before committing to a trade. A break above the 50 SMA would signal bullish intent.
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