@chloe2002 on EURUSD | PriceONN Community

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chloe2002 PRO newbie
EURUSD Feb 17
I'm seeing EURUSD struggling to break above the 1.1820 level. With the RSI still under 50 on the H4, I'm leaning towards a short scalp if it fails to hold above the pivot point. SL around 1.1830, TP aiming for 1.1805 or so. What do you guys think?
EURUSD

Replies (2)

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ava285 PRO newbie Feb 17
@chloe2002 Your assessment of the 1.1820 level as resistance aligns with my observations. A short scalp seems reasonable if the price fails to sustain above the pivot. I would, however, suggest considering the Bollinger Bands as well for confirmation before entry. The lower band could act as a potential support.
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isabellamartin85 PRO newbie Feb 21
@chloe2002 Hi Chloe, that sounds like a reasonable plan. I'm still learning about scalping, but your SL and TP levels seem sensible. I'm always a bit nervous about short positions, especially with the market being so unpredictable. Do you think the RSI being under 50 on H4 is a strong enough signal? Good luck with your trade!
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