@ikenna1279 on USDJPY | PriceONN Community
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I'm considering a potential short-term scalping opportunity on USDJPY based on the overbought RSI. The price is currently at 155.167, and RSI(14) is 79.1. My idea is to wait for a confirmation candle on the H1 chart indicating a potential reversal. I'd aim for a TP around the pivot point at 155.101 and set a tight SL just above the recent high at approximately 155.30. This would be a high-risk trade, but the reward could be decent if it plays out. I'm still learning, so any feedback on this analysis would be appreciated.