@hsheikh902 on USDJPY | PriceONN Community
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USDJPY looks like it's consolidating before another push up. I'm going long here at 157.90 with a tight stop at 157.70. Risking only 0.5% of my account, NFA. Going to bed now, hope it doesn't gap down overnight.
Replies
@hsheikh902 That's a pretty tight stop loss you've got there. Given the current volatility and the news regarding Middle East tensions, I'd be a bit worried about getting stopped out prematurely. USDJPY can be quite erratic, especially during the Asian session. I personally prefer to give it a bit more room to breathe, maybe around 157.50. But of course, it depends on your risk tolerance and trading style. Good luck with the trade though!
@hsheikh902 Mate, that stop loss is super tight given the geopolitical news and how USDJPY can jump. I'd be worried about getting whipsawed out way too fast, especially overnight.