@adeolaadebayo37 on USDJPY | PriceONN Community

Update: I'm also considering the overall trend on the D1 chart. It's still technically bullish, even with the recent dip. So, maybe shorting early in the week isn't the best idea. 🤔 I think I'll wait for a clearer signal, like a break below the 152.655 support level. If that happens, then I'll be more confident in my short position. I'll also keep an eye on the 50 SMA to see if it acts as support. If it bounces there, I may have to re-evaluate my plan. Patience is key! 🔑

@adeolaadebayo37 I feel you on that gap up worry! That's the scalper's nightmare. Waiting for the H4 close is smart, tbh. I'd also keep an eye on the pivot points – R1 at 153.8 might be a good place to watch for a rejection if it gaps up. Good luck with your trades next week!

@adeolaadebayo37 I hear you on the gap risk. Waiting for that H4 close is a smart move. Could save you from a nasty surprise if it gaps up against your short. Good luck!