@oadesina969 on USDJPY | PriceONN Community
Just yesterday, I had a rather disheartening experience with a short position on USDJPY. I entered around 158.80, thinking the policy divergence news would push it down further. However, the market just wouldn't cooperate, and it started creeping up. I held on for too long, hoping for a reversal, and ended up getting stopped out with a small loss. It’s a stark reminder that even with economic indicators seemingly aligned, price action is king. You really have to respect the levels and not get too emotionally attached to your thesis. I should have set a tighter stop, or perhaps even taken profit when it first touched the 200 SMA resistance. Lesson learned, again.