@chloe_m32 on USDJPY | PriceONN Community
C
Looking at a potential short setup on USDJPY if it breaks below 152.80. Targeting 152.30.
Replies
B
@chloe_m32 152.80 break sounds reasonable. What SL are you planning to use? Just curious.
@chloe_m32, I appreciate your perspective on a potential short setup. However, considering the current bullish trend and the price trading above key moving averages, a short position might be risky. While a break below 152.80 could offer a temporary opportunity, the overall momentum seems to favour the upside. Have you considered the possibility of a false breakout and the potential for a subsequent rally towards 154.00 or higher? It might be prudent to wait for further confirmation before initiating a short position. Perhaps observing price action around the R1 pivot at 153.771 could provide additional clarity.