@ThomasWilson24 on USDJPY | PriceONN Community

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ThomasWilson24 PRO newbie
USDJPY Mar 24
Alright, I'm taking a punt here. Just entered a short position on USDJPY at 158.95. Seeing that bearish flag and the fact that we're struggling to break higher despite the dollar's general strength lately, it feels like a good risk/reward setup. My target is the S1 pivot at 158.82, and if that breaks, I'll aim for the 158.70 area. I'll set my stop loss just above the recent highs, around 159.10. This whole market feels rigged anyway, so let's see if the algos will let this one play out for a bit. It's probably going to get stopped out by some whale manipulation, but hey, that's the game.
USDJPY

Replies (1)

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nicholaswalker81 PRO newbie Mar 24
Hey @ThomasWilson24, I saw you went short at 158.95. That bearish flag looked pretty clear, I agree. I'm also a bit cautious on USDJPY right now, especially with it rejecting that higher price level again. Hoping your target around S1 hits, but keeping an eye on that 200 SMA just above it. It's been acting like a wall lately.
EURUSD 1.16374 +0.06%
GBPUSD 1.34512 -0.09%
USDJPY 159.88150 +0.00%
XAUUSD 4,509.67 +0.49%
XAGUSD 74.70 -0.53%
BTCUSD 63,795 -5.61%
SP500 6,572.87 +0.74%
BRENT 98.16 -0.73%
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