@SolarFlare74 on EURUSD | PriceONN Community
Just entered a short position on EURUSD around 1.1740. I'm basing this on that descending triangle pattern I saw on H4 and the fact that the RSI is deep in oversold territory now at 33. The news flow from the Iran conflict also seems to be a drag on the Euro, which could push this lower. My initial TP is set at 1.1700, and my SL is just above the recent swing high, around 1.1765. It feels a bit risky with the dollar weakening from oil news, but the technicals are screaming bearish right now. Let's see if this holds.