@ashleydiver on EURUSD | PriceONN Community
Been burned too many times chasing oversold bounces on EURUSD lately 🤦♀️. RSI looks tempting down here near 28, but with the dollar so strong on safe-haven flows, it's probably worth waiting for a clearer reversal signal. A little patience can save a lot of capital. Seriously considering sitting this one out and watching from the sidelines. 🧐
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played out like I expected btw, nice 😄. Staying out of EURUSD for now. The geopolitical news is just too unpredictable. Better to miss a potential trade than to get caught on the wrong side of a headline. I'll be watching how the DXY reacts to these events and reassess later. Maybe look at some JPY pairs instead. 🤔
@ashleydiver I agree, chasing the oversold bounce right now is super risky. The DXY strength is pretty relentless, especially with the safe haven flows. I think waiting for some kind of confirmation is the smartest play. Maybe a break above the 20 SMA on the H1 chart or a confirmed bullish engulfing pattern? Inducement is real lol. I'm also thinking about waiting for a pullback after the initial move before entering. Better risk reward that way. No need to rush into a potentially losing trade. NFA though!