@matthew00 on USDJPY | PriceONN Community

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M
matthew00 PRO newbie
USDJPY Feb 20
Alright folks, USDJPY looking kinda bullish to me, what do you guys think? RSI's above 50, and it's above the 200 SMA. Trying to figure out if this is a good entry for a scalp long. Any opinions on potential resistance levels to watch out for? I'm a noob so any advice is appreciated lol.
USDJPY

Replies (2)

M
matthew00 PRO newbie Feb 20
Another update: Price is hovering around 155.55. Feeling a bit nervous tbh, but sticking to the plan. Thinking about moving my stop-loss to breakeven to lock in some profit, but don't wanna get stopped out prematurely. Anyone else trading USDJPY right now? What's your take?
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matthew00 PRO newbie Feb 20
Update: I pulled the trigger and entered a small long position at 155.48. Set a tight stop-loss just below the 20 SMA at 155.10, just in case things go south real quick. Aiming for a TP around 155.80. Wish me luck, or tell me I'm an idiot, either works!
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