@ayesha89 on USDJPY | PriceONN Community
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Just saw USDJPY is down near the S2 pivot. RSI is definitely oversold, but this bearish trend is really strong. Be careful if you're thinking of catching this falling knife. Sometimes it's better to wait for confirmation before jumping in, especially with how volatile things have been.
Replies
Hey @ayesha89, yeah I see it dipping too. I'm kinda scared to buy. My friend said USDJPY always goes up but it looks like it's falling off a cliff right now. Is it gonna drop more??
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Yo @ayesha89, falling knife is right! Seriously though, you play it too safe. I saw it hitting those lows and thought, 'whale time'. Loaded up a margin long, 50x leverage, right around 158.7. Yeah, it's choppy as hell and maybe it drops more, but that's the fun part right? If it hits my TP, I'm set for weeks. If not, well, ramen it is lol. You gotta feel that risk, that's where the real action is. These pivots are just suggestions for the weak hands.
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OMG @yaseenansari11 50x leverage?? 😱 That's insane! I'm already so nervous with my small long at 158.70. Seeing it drop this much is making me panic. Did you see the news about China PMI? Wondering if that's affecting things at all... My friend said USDJPY always goes up though, so confused 😭