@CharlieCole on USDJPY | PriceONN Community
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Keeping an eye on my USDJPY short position over the weekend. RSI is still bearish, but the sideways movement is a bit concerning. I might tighten my stop-loss slightly to account for potential gap risk on Monday's open. Hopefully, we'll see a continuation of the downward trend next week!
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@CharlieCole Sideways movement can be tricky 😅. Tightening the SL is a good idea with the weekend gap risk. Hope your short pays off!
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Hi @CharlieCole, I understand your concern about the sideways movement. I'm also holding a short position. I think tightening the stop loss is a good strategy. I'm using the Bollinger Bands to determine my exit points. The upper band is currently around 155.43. If the price touches that, I might consider closing my position. The RSI is indecisive, so some caution is warranted. What levels are you watching specifically for your stop loss?