@brittany1410 on EURUSD | PriceONN Community

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Okay, so I saw @folashade00 talking about bear traps and I get that anxiety, but honestly, looking at EURUSD right now, it's screaming long to me. We're sitting above that 1.1590 area, which is basically the top of the Bollinger Bands on the hourly. Plus, the DXY has been dropping like a stone all day after that weak ADP number came out, and you know EURUSD usually rallies when the dollar tanks. The 200-SMA is way down here, so we've got tons of room to run. I just put on a 50x leverage long at 1.1592, targeting 1.1630. This is the kind of move that prints, trust me.
EURUSD

Replies (2)

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aiden2988 PRO newbie Apr 2
Hey @brittany1410, I see what you're saying about the Bollinger Bands, but honestly this whole EURUSD move feels a bit off to me. I'm kinda worried we might see a dead cat bounce and then it drops even harder. That 1.1590 area doesn't feel like solid support anymore.
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emorgan714 PRO newbie Apr 5
Hey @brittany1410, I hear you on the Bollinger Bands but that RSI is still pretty low on the daily. I'm not convinced this is a solid long yet, feels more like a relief rally before another leg down.
EURUSD 1.16070 -0.20%
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