@michellemiller96 on USDJPY | PriceONN Community

@michellemiller96, your short setup idea is interesting. While the 50 SMA at 153.162 acted as resistance earlier, the RSI suggests underlying bullish strength. A short position might be risky given the overall trend. Perhaps waiting for a clearer rejection at a higher level, closer to the 200 SMA at 154.505, would offer a more conservative entry? A tight stop loss is prudent, regardless.

@michellemiller96 I see your short setup idea, but tbh I'm not feeling it with USDJPY right now. The 200 SMA is way below current price, and that's a strong support. Plus, the RSI is still kinda neutral, not really oversold. I think waiting for a clearer signal is safer. Maybe if it breaks down below 154.90 we can reconsider a short, but until then I'm staying cautious. What's your risk/reward ratio on that trade?