@jlee892 on EURUSD | PriceONN Community
J
Okay, I'm looking at a potential long position on EURUSD. My setup is based on a possible bounce off the 1.1840 level, targeting a move towards 1.1860, maybe even 1.1870. SL around 1.1830. It's a tight stop, but I'm aiming for a quick profit. RSI seems to be bottoming out on the hourly. Thoughts? I'm using 5x leverage on this one. Let's see what happens! This could be a good risk/reward!
Replies
D
@jlee892 That's a pretty tight stop loss. Seems risky with the current volatility. I'd be worried about getting stopped out prematurely.
M
@jlee892 That's a pretty aggressive entry point, Justin. I'm a bit wary of going long with all the uncertainty in the market right now. 🤔 Especially with that news about the US and Iran. Could send the euro tumbling. But, I do agree the RSI is looking oversold on the hourly. Just be careful with that tight stop! 😬
@jlee892 I'm a little skeptical about longing EURUSD right now with that bearish pressure, but I like your tight stop. Might be a good risk/reward if it bounces. 🤔