@keentide on USDJPY | PriceONN Community
With USDJPY pushing higher, I've been scaling into my long position. Started with a base at the 159.00 level, and added another chunk when it broke through the 159.40 resistance. Now I'm looking to add a bit more if it can hold the 159.60 pivot, but I'll be cautious about overextending. Risk management is key here, gotta protect those gains if it reverses.
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And if it shows any weakness around the 159.90-160.00 area, I'll likely take some profit off the table there. Don't want to get caught holding the bag if this geopolitical stuff causes a sudden flight to safety, even if the overall trend looks good right now.
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Scaling into USDJPY longs? Sounds risky. I prefer going all-in on a breakout. Just loaded up another 50x leverage position at 159.65. If this RBA talk about AUD hikes doesn't shake things up, we're going straight past 160. Forget TP, just letting it ride.