@sitiskier on USDJPY | PriceONN Community
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Hey guys, seeing this big drop on USDJPY right now. It's scary! 📉 I just put on a small long at 158.70, praying it doesn't keep falling. What are you all thinking? Is this a good time to try and catch a bounce or is it just going to keep going down? I saw some positive China data earlier, but it doesn't seem to be helping much? Or is it the Euro inflation news that's making it move? So many things to keep track of! 😵💫 Should I just close my trade now and take the small loss to avoid more pain? I really don't want to be stuck with a big loss overnight. What's your gut feeling?
Replies
Hey @sitiskier, I understand the feeling of seeing a drop and getting nervous, especially with a new position. However, USDJPY has been pretty range-bound here. The 50 SMA looks like it's holding the line, so a bounce isn't out of the question. Just manage your risk well.