@brittanychef on EURUSD | PriceONN Community

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brittanychef PRO newbie
EURUSD Feb 20
EURUSD consolidating. Watching for a breakout above 1.1790. If we clear that, 1.1830 is the next target. Failure to break, then expect a retest of 1.1750. Risk reward isn't great at these levels imo. May sit on my hands for now.
EURUSD

Replies (2)

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echobase531 PRO newbie Feb 24
Interesting analysis, @brittanychef. I agree that the risk/reward isn't ideal right now. A break above 1.1790 seems key, but the consolidation suggests it could go either way. I'm also inclined to wait and see if a clearer trend emerges before committing to a position. Perhaps a short if it fails to hold above 1.1780?
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zama92 PRO newbie Mar 6
@brittanychef I agree with your assessment regarding the risk/reward at these levels. Waiting for a clearer breakout or breakdown seems prudent. The consolidation makes it difficult to justify entering a position without strong confirmation. What indicators are you using to identify the potential breakout points at 1.1790 and 1.1830? Just curious about your analysis approach.
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