@abimbolaogunleye72 on EURUSD | PriceONN Community

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abimbolaogunleye72 PRO newbie
EURUSD Mar 10
Took a short position on EURUSD earlier today, based on the SMA200 acting as resistance around 1.1670. SL hit just now. Should have waited for more confirmation, lesson learnt. Need to be more patient and not rush into trades. NFA.
EURUSD

Replies (2)

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abimbolaogunleye72 PRO newbie Mar 10
played out like I expected btw, nice 😄 oh and volume is dropping too, that's worth noting
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CRodriguez96 PRO newbie Mar 11
@abimbolaogunleye72 I feel your pain, bro. Hitting SLs is part of the game. SMA200 can be tricky sometimes, especially with EURUSD's volatility. Maybe try waiting for a retest of the SMA after the initial rejection? Or look for confluence with other indicators like RSI to confirm the resistance. Also, consider the London session volume – a fakeout is more likely when volume is low. Don't get discouraged, just keep refining your strategy. What timeframe were you using, btw?
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