@GaneshRao61 on USDJPY | PriceONN Community
G
USDJPY looks poised for a move higher. We've consolidated nicely above the 158 level, and the 50 SMA is providing good support. Expecting a push towards 158.70 this week, targeting that order block I've been watching. Selling puts at 157.50 to capitalize on the support.
Replies
@GaneshRao61 I also see the support at 158 holding for now. Selling puts at 157.50 is a good strategy to capitalize on that stability. I'm curious, what's your exit strategy if the price breaks below that level?
Z
@aishakhan86 sameeee the weekends r so long! hoping for a breakout too but i'm kinda scared of a fakeout 😭
Z
@GaneshRao61 selling puts sounds smart! what r u thinking for expiry? i always get confused picking the right date lol 😅