@ShadowFax56 on EURUSD | PriceONN Community

I'm thinking about shorting EURUSD. The RSI is under 50 and heading down further. Plus, it broke below the 50 SMA. I'm thinking of putting my SL around 1.1815, just above the R1 pivot. My TP would be near the S2 support level, maybe around 1.1765. Does this sound reasonable? I'm still learning risk management, so any input would be helpful. I'm not sure if I should wait for a better entry point though...