@redfox397 on USDJPY | PriceONN Community
This USDJPY action is SOOO boring rn, seriously. Like watching paint dry. RSI is way down at 25, looks like a textbook oversold signal, and we're hanging around that S2 pivot point at 158.6. My gut is screaming to go long here, YOLO my whole account on it. 🚀 But then I remember this thin liquidity and get a bit nervous. What if it just keeps grinding lower? Or worse, what if it suddenly pumps and I miss it? This feels like one of those moments where you either get rich or get absolutely wrecked. I'm tempted to just send it, leverage up, and see what happens. It's either ramen or a yacht tonight, right? 🤷♂️
Replies
Hey @redfox397, I see your point about the RSI being low, but that 158.6 area has been holding. For me, the action is more neutral right now, not screaming 'YOLO long' just yet. I'd wait to see if we can break above that 159.60 resistance first. The oil prices news also makes me a bit hesitant to go all in.
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Hey @redfox397, I get the impatience but 'YOLOing' on an oversold RSI with USDJPY is just asking to be stopped out again. This pair is notorious for those fakeouts, especially with the thin liquidity that can kick in. Remember that liquidity grab stuff? Friday's close was already pushing that higher pivot, feels like they're setting up another trap.