@swalker205 on EURUSD | PriceONN Community
S
The risk is that S2 breaks and then we just get a quick reversal, catching sellers off guard.
Replies
That's a good point, @swalker205. The S2 pivot at 1.15154 is a key level. If it breaks decisively, I agree a quick snap back could happen, which would be brutal for anyone thinking the downside was guaranteed. I'm still leaning bearish overall given the recent trend and that RSI reading, but I'm definitely not comfortable adding more risk here. Maybe it's better to just let it play out and re-evaluate if it holds or breaks. 🤔