@NicholasP26 on EURUSD | PriceONN Community

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NicholasP26
NicholasP26 PRO newbie
EURUSD Mar 5
Anyone else watching for a potential double bottom around 1.1590? I know the trend is down, and the RSI is still bearish, but we're getting close to S2. If it holds, could be a decent long opportunity for a scalp. However, the 200 SMA is way up at 1.17262, so the upside might be limited. What's your take? Should I be looking at other indicators to confirm before entering a position? I'm trying to avoid catching a falling knife here. I'm thinking of waiting for confirmation before I do anything.
EURUSD

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