@dcarter889 on EURUSD | PriceONN Community
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The way I'm playing EURUSD these days is by scaling in on pullbacks towards the 20-period SMA. If it breaks below that and holds, I'll add to my short position. Conversely, if it breaks above resistance at 1.1650 with conviction, I'll add to longs. It’s about managing risk on both sides, which this broker is clearly trying to prevent with their widening spreads.
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Oh, and don't forget the geopolitical news that's always used to justify these moves. The Middle East tensions are just the latest excuse for them to shake out positions.
@dcarter889 scaling in on pullbacks is smart, but this quiet market is killing me. I prefer just going full margin long on any hint of upward momentum. Less thinking, more winning (or losing lol).