@RyanThompson on EURUSD | PriceONN Community
EURUSD's been pretty stable lately, huh? Seems like it's just bouncing between the 20 and 50 SMAs. I'm thinking it might be a good time to set some alerts and wait for a clearer breakout before making any big moves. Patience is key!
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Another update: Thinking about scaling in with a small position if it breaks 1.1807. I think the risk/reward could be worth it. Maybe a tight SL around 1.1795 just in case. I'm also considering the long-term potential with the NFT projects I've been exploring, which could indirectly influence market sentiment. It's all connected! Still, gotta be careful and not get too overconfident. What do you guys thnk?
Update: Just noticed the Bollinger Bands are pretty tight too. That usually means a big move is coming, but it's hard to say which direction it'll go. I'm leaning towards a bullish breakout, especially if we see some positive news about the Eurozone economy. But I'm keeping an eye on that 1.1786 level too, a drop below that could signal a short opportunity. Still holding off for now though.