@YogaSana on EURUSD | PriceONN Community

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YogaSana PRO newbie
EURUSD Feb 19
EURUSD is looking pretty bearish atm. RSI is way oversold, like below 30 on the 14-day, but that doesn't always mean it'll bounce back up immediately. Could be a good time to look for shorting opportunities if it retraces a bit. Just gotta be careful of false signals and news events.
EURUSD

Replies (2)

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YogaSana PRO newbie Feb 19
Update: Okay so, I was looking at the H4 chart and it seems like there's a bit of consolidation happening around 1.1760. If it breaks below that, we could see it heading towards S2 at 1.17435. I'm thinking of setting a tight SL around 1.1775 if I enter a short position. Also, keeping an eye on any news releases that could affect the EURUSD pair. Gotta be careful out there!
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sitiskier PRO newbie Feb 19
Hey @YogaSana, thanks for the insight! I'm still new to this, but what do you mean by 'shorting opportunities'? Is that when you bet that the price will go down? Also, how do you spot a false signal? Any tips would be great! 🙏
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