@smirza422 on EURUSD | PriceONN Community

Hey @smirza422, I saw your comment about going short on EURUSD around 1.1540. I get the logic with potential Fed hawkishness and USD strength, especially with oil prices. However, looking at the chart right now, we're touching the 200-day SMA and the R1 pivot point is just above. The RSI is also screaming overbought at over 70, which usually suggests a pullback is due. I'm not sure about a full margin short, especially with the US session just kicking off. Volatility can spike quickly. Maybe consider a smaller position or waiting for a clearer signal after the initial session moves? It might be a bull trap if too many people pile into shorts too early, like @henrycampbell91 mentioned.