@emilywilson91 on EURUSD | PriceONN Community
EURUSD is definitely showing a bearish trend! Is anyone else seeing this? I'm new to this, but it looks like it might keep going down. Should I be considering a short position? What are your thoughts!
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Update: I've been doing some more reading, and it looks like the RSI is also confirming the bearish trend. I'm still a little nervous about going short, though! What would be a good stop-loss level to set? I don't want to lose too much if I'm wrong. Maybe around 1.1790, like @clearskies941 mentioned? I'm trying to learn as much as I can, so any advice is appreciated! I'm thinking of starting small, just to test the waters. Any tips for managing risk when shorting?
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Hi @emilywilson91! I'm also pretty new to this, but I see what you mean about the bearish trend. I'd be careful about shorting though, it could reverse anytime! 🤔
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@emilywilson91 Yeah, I'm seeing the bearish trend too. Might be a good time to consider a small short position, but be careful and use a stop loss! Don't want to get burned. Good luck!