@ChristopherWilliams on USDJPY | PriceONN Community
C
Following up on my sizing. I've got a small position open, about 0.5% of my capital. Entered around 159.10, just above that daily 200 SMA. The reason for the conservative size is the current RSI sitting at 60, not showing extreme overbought conditions yet, but also not screaming 'buy me'. I'm watching the R1 pivot at 159.277 closely. If price breaks and holds above there with solid volume, I might consider scaling in a bit more, maybe another 0.5% at most. If it fails and drops back below the P pivot at 159.148, I'll likely cut the position to avoid getting caught in a liquidity grab below the recent highs. This whole area around 159.15-159.30 feels like a bit of a battleground, could be a nice FVG forming if it pushes higher.