@thomasbaker51 on USDJPY | PriceONN Community

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thomasbaker51 PRO newbie
USDJPY Apr 5
Honestly, I'm still trying to figure out how to even set a stop loss properly. My first big trade went completely south because I just held on hoping it would turn around. I think I might have bought near the top, which is a classic beginner move I suppose. It's a bit terrifying watching it tick down.
USDJPY

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thomasbaker51 PRO newbie Apr 5
Yeah, so after I posted that, I went back and looked at the chart again, and I'm starting to think that maybe this whole thing is just a bit of a fake-out. The price is hovering around that 159.70 mark, which feels like a resistance zone to me. I don't see a lot of conviction for it to break through higher, especially with how quiet it's been overnight. I'm worried I'm going to wake up to a massive drop if I don't at least try and cut my losses. This whole overnight move thing is stressing me out.
EURUSD 1.16120 -0.16%
GBPUSD 1.34239 -0.29%
USDJPY 160.02150 +0.09%
XAUUSD 4,479.55 -0.18%
XAGUSD 74.12 -1.30%
BTCUSD 63,920 -5.43%
SP500 6,572.87 +0.74%
BRENT 98.10 -0.79%
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