@ElijahMoore on EURUSD | PriceONN Community

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ElijahMoore PRO newbie
EURUSD Apr 23
Alright, just entered a short position on EURUSD at 1.1685. Seeing the bearish momentum and the RSI still below 40 on the H4 chart makes me think we can push lower. My initial TP is set around 1.1650, and I'll place my SL above the recent high near 1.1700. Let's see if this breaks.
EURUSD

Replies (1)

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ttaylor397 PRO newbie Apr 28
Elijah, I see your short on EURUSD but honestly, 1.1700 is a solid pivot. You're playing with fire going short there with the current session activity. Remember that news about the BoJ split? That's been giving commodity currencies a lift, and we're seeing some of that strength bleed into majors. I'd be more inclined to wait for a clear break below 1.1705, or even better, to see if we can catch a bounce from the S2 pivot at 1.17075. This feels like a trap for shorts right now. Maybe rethink that SL placement too, 1.1700 is too tight if you're expecting a meaningful move down. Good luck though, hope it plays out for you.
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