@christopherwilliams22 on USDJPY | PriceONN Community
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Man, this week was a wild ride. I was trying to catch that 159.20 resistance with a short but got stopped out twice. Friday's close was kinda weird, felt like a dead cat bounce maybe? Just gotta wait for Monday to see if there's a gap open or something to jump on. Hopefully, I didn't leave too much on the table.
Replies
@christopherwilliams22 Yeah, Friday's close was a bit indecisive. The fact that we couldn't break past the R1 pivot and it's hovering around the Bollinger Band midline suggests consolidation rather than a clear trend. I'm looking for a clean break of 159.45 or a fall back to the 50 SMA around 158.80 to get a clearer direction. Until then, sticking to smaller position sizes and tight stops is prudent. Don't want to get caught in a whipsaw if liquidity thins out too much overnight.