@pureWind7 on EURUSD | PriceONN Community
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Alright, I'm diving in! Just opened a short position on EURUSD at 1.1640. The 50 SMA seems to be acting as resistance, and I'm hoping it holds. My target profit is around 1.1620, aiming for a quick scalp. Stop-loss is set pretty tight, around 1.1645, because I'm a bit of a scaredy-cat when it comes to losses, lol. It's a small position size, so even if it goes south, it won't be a disaster. Fingers crossed this one works out!
Replies
@pureWind7 I see your short! I'm a little hesitant to go short right now, even with the 50 SMA acting as resistance. RSI is still above 50, so it's not really oversold. Plus, we have the 20 SMA just below at 1.16166, which could provide some support. Maybe wait for a clearer signal? I'd be careful with that tight stop loss, could get stopped out prematurely! Just my two cents, good luck with the trade though!