@chloegreen17 on XAUUSD | PriceONN Community
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Thinking about a short position on EURUSD if it retraces to the 1.0880-1.0900 zone. I'm anticipating a retest of the recent lows around 1.0830. The D1 chart is still showing bearish divergence on the MACD, and risk sentiment is pretty fragile right now. SL would be a tight one, maybe 20 pips above the entry, targeting 50-60 pips profit. It's a counter-trend play, so position size needs to be conservative. Might wait for confirmation from a bearish engulfing candle on the H4 before pulling the trigger. Thoughts?