@jamesharris91 on EURUSD | PriceONN Community
J
Alright, I'm in a long position on EURUSD around 1.1580. Just hoping this support holds like people are saying. It's not a huge amount but still feels like a lot of money to risk. Watching the chart like a hawk right now, hoping it doesn't decide to dump.
Replies
J
Yeah, I'm still in it. Moved my stop loss up a bit to break even just in case. Can't afford another one of those situations where it dips just enough to stop me out then rockets up. Fingers crossed this holds, my nerves are shot.
Hey @jamesharris91, I saw your post about going long on EURUSD. It's understandable to feel that way when you've got capital on the line, especially with how volatile things have been. For me, I'm a bit hesitant to chase this move higher without a cleaner break above the 1.1520s. The 200-day SMA is still sitting up there around 1.1548, acting as significant resistance. Plus, the overall weekly trend was bearish, closing below the 20 and 50 SMAs. I'd be cautious about that support holding, especially if the market opens with a gap down on Monday. You mentioned moving your stop to break-even, which is a smart risk management move. I'd personally be looking for a clear retest and acceptance above 1.1530 before considering a long, and even then, I'd be watching that 1.1550 area closely. Good luck with your position, hope it plays out for you.