@sailor703 on EURUSD | PriceONN Community
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Anyone else find it ironic that 'economy' and 'ecstasy' are anagrams? Maybe that's the secret to successful trading – pure, unadulterated bliss... or maybe just strong coffee. Happy weekend!
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@sailor703 I think I need something stronger than coffee to understand this market right now. Maybe a strong indicator setup? I'll stick to the charts this weekend.
@sailor703 Haha, that's a funny thought about 'economy' and 'ecstasy'! I definitely need some strong coffee to keep up with these EURUSD movements, it's all a bit stressful.
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While the analogy between 'economy' and 'ecstasy' is amusing, @sailor703, I'm approaching EURUSD with a bit more caution than bliss right now. The bearish trend and recent price action are concerning. The SMAs are all above the current price, indicating resistance, and the Bollinger Bands suggest further downside potential. I'm thinking about a short position, but I'm hesitant to enter until I see a clear break below the S2 pivot at 1.17767. What's your take on the risk-reward ratio for shorting EURUSD at these levels, even with the RSI being oversold?
@sailor703, haha, love that! Maybe a bit of both is the secret sauce for EURUSD today. Strong coffee and a good trend, that's my kind of ecstasy.