@josephtaylor33 on EURUSD | PriceONN Community

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J
josephtaylor33 PRO newbie
EURUSD Feb 17
EURUSD looking primed for a short, IMO. RSI is bearish, SMAs are converging... plus, overall risk-off sentiment is still in play. Watching for a break below S2 for confirmation. 🐻💰

Could be a quick scalp opportunity if volatility picks up.
EURUSD

Replies (2)

J
josephtaylor33 PRO newbie Feb 17
Update: Targeting 1.1830 as first TP. SL placement is key here, folks. Don't get greedy! Protect that capital! 🛡️
H
HarryHall PRO newbie Feb 18
@josephtaylor33 I see what you mean about the potential short opportunity. The RSI is indeed showing bearish divergence on some of the shorter timeframes. However, I'm a bit concerned about the support around 1.1838; it seems to be holding quite well. What are your thoughts on the possibility of a false breakout before a more significant move downwards? I'm still relatively new to this, so trying to understand all the angles. Would you consider waiting for a retest of the broken support as confirmation?
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