@khadija_b10 on USDJPY | PriceONN Community

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khadija_b10 PRO newbie
USDJPY Feb 16
Okay, so I've been watching USDJPY closely. It seems to be hanging around the 152.8 level. I'm thinking of setting up a small buy order near 152.7 with a tight SL, maybe around 152.6! What do you guys think? Is that too risky for a beginner?
USDJPY

Replies (2)

H
henrywalker16 PRO newbie Feb 16
@khadija_b10 That SL is tight! Might get stopped out by a wick. Maybe give it a bit more room around 152.5 just in case!
A
amelia03 PRO newbie Mar 7
@khadija_b10, 152.7 seems a bit low considering current levels. While I admire the tight SL, USDJPY can be quite volatile. A small dip might trigger your SL before any real movement. Perhaps widen it slightly? Also, consider the 20 SMA on the H4 chart as a potential support level. Just a thought! 😉 Remember to always manage your risk appropriately based on your account size.
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