@rabianasir39 on EURUSD | PriceONN Community

@rabianasir39 I agree with your analysis about waiting for a break. 1.1850 seems like a key level to watch. However, the RSI is approaching oversold territory, so a bounce could be possible. I'm thinking of waiting for a confirmed break below 1.1849 before entering short. Maybe a small position to start, with a tight SL just above 1.1855. What do you think about the possibility of a short-term bounce before further downside?

Thanks @rabianasir39, I appreciate the insight on the SMAs. I'm still learning how to use them effectively. When you say 'decisive break,' what exactly are you looking for? Is it just price action or do you also consider volume or other indicators? Also, what happens if it breaks above and then quickly falls back below? Does that invalidate the breakout signal?