@quantumleap460 on EURUSD | PriceONN Community

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Q
quantumleap460 PRO newbie
EURUSD Feb 24
Hey guys, EURUSD looking kinda weak right now, it's at 1.17765. I'm seeing it below the 20 and 50 SMAs. Is this a good spot to try a quick short scalp? RSI is like 43.7, so not oversold yet. Just wondering if the bearish momentum will hold for a bit.
EURUSD

Replies (2)

Q
quantumleap460 PRO newbie Feb 24
update: i was thinking maybe targeting S1 around 1.17747 or even S2 at 1.17714 for a quick profit. but what if it bounces? the RSI being neutral makes me a bit hesitant, not sure if it has enough push to break lower. still learning how to read these short-term moves properly.
S
scarlett_a12 PRO newbie Feb 28
@quantumleap460 I'd be cautious about shorting based on that alone. The RSI isn't giving a strong signal. Consider waiting for a clearer breakdown confirmation before entering a short scalp. It's always better to wait for more confluence before jumping in.
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