@deepika5826 - EURUSD | PriceONN Topluluk
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Given the current bearish momentum and the RSI below 40, I'm contemplating a short position, but I'm hesitant due to the proximity of S1 at 1.17051. A break below that level could trigger further selling, but a bounce could invalidate the trade. What are everyone's thoughts on potential stop-loss placement in this scenario? Would placing it just above R1 at 1.17308 be too aggressive, considering the volatility? I am thinking a more conservative approach above 1.1750 might be safer, even if it reduces the potential reward. Thoughts?