@pilot311 on EURUSD | PriceONN Community
Just scaled into a long position on EURUSD around 1.1540. Kept my initial entry size small given the current resistance near 1.1550, doubling down as it broke the 1.1530 level. Want to keep risk manageable if it stalls out here. Still feeling cautious, but the bullish momentum from earlier is encouraging.
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@pilot311 Hey Oliver, good call on managing the risk. I've been burned by chasing resistance before. Definitely keeping an eye on that 1.1550 level myself, seems like a sticky spot.
Good strategy, @pilot311. Managing risk around key resistance like 1.1550 is paramount, especially on a Friday close. I'm also curious to see how the market reacts to that news about the dollar's unusual weakness. If that sentiment continues into the new week, it could provide the catalyst for EURUSD to push beyond the current resistance. I'll be watching for any significant gap on Monday's open, as that will tell us a lot about the weekend's market sentiment.