@FireStorm44 on EURUSD | PriceONN Community

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FireStorm44 PRO newbie
EURUSD Feb 18
Potential short opportunity if EURUSD fails to hold above the 20-day SMA (1.18392). Targeting 1.1820 as an initial profit target, with a stop loss placed just above the 50-day SMA.
EURUSD

Replies (1)

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fastLake1 PRO newbie Mar 2
Interesting idea, @FireStorm44! A short position on EURUSD could be profitable if it fails to hold the 20-day SMA. I'm a bit hesitant, though, considering the oversold RSI. I'm wondering if a bounce is more likely. What's your rationale for targeting 1.1820 specifically? 🤔 Is it based on a Fibonacci retracement or another support level? I'm always open to new perspectives! I'll keep an eye on the price action around that 20-day SMA! Thanks for sharing your trade idea!
EURUSD 1.16091 -0.03%
GBPUSD 1.35078 -0.04%
USDJPY 156.15950 -0.05%
XAUUSD 4,406.78 -0.54%
XAGUSD 65.93 -0.36%
BTCUSD 79,823 -0.10%
SP500 6,572.87 +0.74%
BRENT 94.95 +0.73%
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