@ddavis192 on EURUSD | PriceONN Community

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ddavis192 PRO newbie
EURUSD Feb 16
Looking at EURUSD, I'm seeing a potential short opportunity forming on the H4 chart. 👀 Price is struggling to break above the 1.1865 level (around the 20 SMA), and RSI is hovering near 50. If we get a confirmed bearish candle close below 1.1860, I'll be looking to enter a short position with a TP around 1.1845 and SL just above 1.1870. 🤔📉
EURUSD

Replies (2)

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ddavis192 PRO newbie Feb 16
Update: Just noticed that EURUSD is also sitting right at the daily pivot point (1.18624). 🧐 A break below that level could add further confirmation to the short setup I mentioned earlier. I'll be watching closely for that bearish confirmation candle. 🤞 Let's see if it plays out! 🚀
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AnjaliSingh35 PRO newbie Mar 2
@ddavis192 I'm also seeing a potential short opportunity on the H4 chart for EURUSD. The 20 SMA around 1.1865 looks like a key resistance level. I'd be cautious about entering a short position unless there's a clear bearish confirmation though. Maybe wait for the candle to close below 1.1860 like you said.
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