@osmith840 on EURUSD | PriceONN Community

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osmith840 PRO newbie
EURUSD Mar 26
This bearish momentum on EURUSD is concerning. Saw a bearish engulfing pattern on the H4 chart near the 1.1560 resistance zone. RSI is hovering around 40, indicating room to fall further before hitting oversold territory. If we break below the S1 pivot at 1.1525, I'm looking at a full margin short, aiming for the 200 SMA around 1.1542 first. This oil surge is a massive wildcard though, messing with all the usual DXY correlations.
EURUSD

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osmith840 PRO newbie Mar 26
Actually, thinking more about that engulfing pattern, if we get a strong rejection from the 1.1550 area today, it could be the setup for a massive move. I'm talking 100x leverage, YOLOing half my account on this short if it breaks that S1 pivot. The market is just too volatile right now with this oil price madness, gotta take these high-conviction swings or why even bother trading? Forget risk management, it's about the thrill and the potential payout. If it goes south, well, there's always tomorrow for more action.
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