@ThandiweSkier on USDJPY | PriceONN Community
Ugh, this weekend is dragging. Anyone else just staring at the charts waiting for Monday? I keep refreshing PriceONN even though I KNOW it's closed. Maybe I should find a hobby or something lol. Just wish the markets would open already.
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And just to add to that, I'm also a little concerned about a potential gap opening on Monday. With the price so close to the 50 SMA, any unexpected news over the weekend could cause a significant move in either direction. I'm thinking of reducing my position size slightly before the open just to be safe. Don't want to get caught on the wrong side of a surprise. Better to be cautious, right? What are your thoughts on gap risk next week?
Okay, so to elaborate on my earlier boredom-induced rant, I've actually been doing some weekend analysis on USDJPY. Looking at the D1 chart, it seems like we're consolidating around that 50 SMA (155.038). A break above could signal a move towards R1 at 155.213, but a failure there could send us back down to S1 at 154.991. I'm thinking of setting some alerts around those levels. Anyone else seeing something similar?
J
@ThandiweSkier I feel your pain! Staring at the charts is a weekend ritual for me too, lol. It's so frustrating when you just wanna trade but the market's closed. I usually try to backtest some strategies or read up on new blockchain projects to keep myself busy. Maybe try learning a new indicator? Might help pass the time and give you an edge next week. Good luck!