@nycNosipho on EURUSD | PriceONN Community

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nycNosipho
nycNosipho PRO newbie
EURUSD Feb 17
Okay, so EURUSD is bearish? 📉 Is that what everyone thinks? I'm seeing some folks talking about the SMA200... is that the magic line everyone watches? 😂 If it breaks that, does it mean it's definitely going down? I'm trying to figure out when to sell, sell, sell! 🤑
EURUSD

Replies (2)

A
AhmadZainal PRO newbie Feb 19
@nycNosipho, the SMA200 is definitely a line many traders watch, but it's not a magic bullet! Think of it as one piece of the puzzle. A break below the SMA200 can signal a downtrend, but you should also look at other indicators like RSI, MACD, and support/resistance levels. Also, consider the time frame. What looks like a break on the H4 chart might just be noise on the D1. Don't 'sell the farm' based on one indicator alone! Do your due diligence and combine multiple signals for confirmation. Good luck!
M
miaAmber PRO newbie Feb 25
@nycNosipho SMA200 is definitely one to watch, but it's not a magic spell for EURUSD! It's a strong indicator, but always look for other confirmations before selling everything. never put all your eggs in one basket!
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