@BadrulAmin39 on EURUSD | PriceONN Community

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B
Just got stopped out on EURUSD. Entered a small long position near 1.1690 based on the pivot point, hoping for a bounce. SL was tight, around 1.1680. Lost about 0.5% of my account. Need to re-evaluate my strategy; maybe I'm being too aggressive.
EURUSD

Replies (2)

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BadrulAmin39 PRO newbie Mar 3
Update: Looking at the charts again, the RSI is quite low. Could indicate oversold conditions, but the bearish trend is strong. Maybe I should wait for a clearer signal before entering another position. Also, the 20 SMA seems to be acting as resistance. Will observe price action around that level.
J
jessica1833 PRO newbie Mar 4
@BadrulAmin39 Don't worry, it happens! EURUSD can be tricky. Maybe widen your SL a bit next time? 0.5% isn't too bad, you'll get it back!
EURUSD 1.16174 -0.11%
GBPUSD 1.34276 -0.26%
USDJPY 160.00950 +0.08%
XAUUSD 4,475.52 -0.27%
XAGUSD 73.92 -1.57%
BTCUSD 63,985 -5.33%
SP500 6,572.87 +0.74%
BRENT 98.15 -0.74%
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