Just opened a long position on USDJPY at 157.72! I'm targeting 158.00 for a quick scalp. RSI looks good, and the trend is definitely bullish. Hoping for a smooth ride up! Let's see if it plays out as planned.
@IfiokEssien57 That's a pretty aggressive entry point, imo. Are you sure about that RSI signal? I'm seeing a neutral trend overall and that 157.72 is so close to that 20 SMA. I hope you have a tight stop loss in place. Good luck, but I'd be careful with that quick scalp strategy. What's your risk management plan?