@YogaElizabeth on EURUSD | PriceONN Community

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YogaElizabeth
YogaElizabeth PRO newbie
EURUSD Feb 17
Okay, so I'm looking at EURUSD and it seems like it's still trending downwards. The RSI is below 50, which confirms bearish momentum, right? I'm a little nervous about shorting right now though, since it's already dropped quite a bit... Maybe waiting for a small pullback before entering a short position would be safer? I'm thinking of a TP around 1.1830, but not sure where to put my SL. Any advice on setting a reasonable stop loss in this situation would be amazing! I'm still learning how to manage risk effectively.
EURUSD

Replies (1)

dwhite321
dwhite321 PRO newbie Mar 7
@YogaElizabeth RSI below 50 doesn't always mean a guaranteed short, love. Espesh with EURUSD, it can be a bit of a trickster. I'd wait for more confirmation, like maybe a breaker block or a clear displacement on the H4 chart. Don't rush in! Bag holders are made that way.
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