@emekaokeke70 on EURUSD | PriceONN Community

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emekaokeke70 PRO newbie
EURUSD Mar 3
EURUSD oversold territory on the RSI, but let's not get too excited about a reversal just yet. The 200 SMA is still looming above like a grumpy landlord demanding rent. I'd wait for a convincing break above that before considering any long positions. Maybe a small scalp on a bounce, but with a VERY tight stop. Patience, my friends, patience.
EURUSD

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emekaokeke70 PRO newbie Mar 3
Update: Regarding my previous comment on the 200 SMA, I'm also keeping an eye on the Bollinger Bands. Price is currently testing the lower band, which could provide some temporary support. However, the overall trend is still bearish, so any bounce is likely to be short-lived. I'm thinking a possible short entry near the 20 SMA if we see a pullback. Risk management is key here. Don't be a hero, folks! Remember, we're just playing the probabilities, not predicting the future. Keep your stops tight and your leverage in check. A wise trader once told me, 'Only gamble what you can afford to lose... and maybe a little bit more for the thrill!' (Just kidding... mostly).
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