@anjali3783 on EURUSD | PriceONN Community
Alright, so what's the plan for EURUSD come Monday? That geopolitical news is still screaming USD strength, and honestly, I'm tempted to just YOLO my entire account on a short if it opens lower. Saw some chatter about oil prices still going ballistic, which usually gives the dollar a boost. I think we could see 1.14 or even lower if that 1.15 support cracks hard. Maybe set a tight stop just above 1.1520 and let it rip? I'm not looking to be a bag holder this time, so if it bounces unexpectedly, I'm out fast. But man, this feels like a prime opportunity for a big bearish move. Need to see how it opens though, that gap is key.
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Hey @anjali3783, I saw your comment about going all in on a short next week. I'm really new to this and honestly, I'm just scared. Seeing the dollar index creep up towards 100 because of that Iran news is freaking me out. If the dollar is that strong, doesn't that mean EURUSD has to go down a lot? I'm currently holding a tiny long position from last week and I don't know whether to cut my losses or hope it recovers. What makes you so sure about a short? Are there specific indicators you're watching that I should learn about?