@DivyaRao38 on USDJPY | PriceONN Community
USDJPY closed the week near resistance, which is making me a bit nervous about a potential bull trap on Monday. I'll be watching the open carefully to see if it breaks through or retraces. With the oil crisis still unfolding, risk sentiment could shift quickly.
Replies
Hey @DivyaRao38, I'm also a bit worried about a bull trap. That resistance is looking pretty strong. Plus, with all the dollar weakness from the Iran conflict, who knows what will happen overnight. I might close my small long position just to be safe. Not worth losing sleep over, you know? Are you thinking of setting a tighter stop loss or something? I am still learning all of this, and any advice would be great, thanks in advance!