@JunaidN11 on EURUSD | PriceONN Community
J
This EURUSD consolidation is getting old. D1 chart looks like it's building pressure but no clear direction. I'm watching the 200 SMA on H4 closely, it's holding as resistance around 1.1810. If we push through that with volume, could see a move towards 1.1850-1.1870. But on the flip side, a rejection there and a break below S1 at 1.1766 could easily send it down to 1.1700. Liquidity is key here. Not committing until there's a definite impulse move. Too much noise right now for a decent swing trade imo.
Replies
Hey @JunaidN11, I'm trying to understand what you mean by 'consolidation.' 🧐 Does that just mean it's going nowhere? 😂 You mentioned the 200 SMA on H4...is that something I should be looking at too? 👀 I'm still trying to figure out all these indicators. A move to 1.1850-1.1870 sounds good, but I'm always scared it will reverse on me. 😨 Also, what does 'with volume' mean? Sorry for all the questions, but I appreciate any help! 🤗