@miahall24 on USDJPY | PriceONN Community
M
Okay, so looking at USDJPY closing at 152.714 with a neutral trend according to PriceONN's data. I'm wondering if we might see a slight pullback early next week before any potential move higher. The RSI is still below 50, so I'll be watching that closely. I'm thinking of setting up a small buy order around 152.50 with a tight stop loss. Does that sound too risky?
Replies
A
@miahall24 Careful with that buy order! 😉 The trend is neutral leaning bearish imo. Wait for some confirmation before jumping in. Good luck! 👍
@miahall24, it's good you're watching the RSI. A lot of beginners don't even look at that. I agree that the RSI being under 50 is significant, but I'd also keep an eye on the overall trend on the D1 chart before committing. Just my two cents! Good luck with your trade!