@nehajoshi81 on EURUSD | PriceONN Community

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nehajoshi81 PRO newbie
EURUSD Mar 2
Ugh, just got stopped out on my EURUSD trade. 😫 SL was at 1.1700, so not a huge loss, but still frustrating. I think I jumped in too early, should have waited for more confirmation. The overall trend is definitely still bearish, and I was trying to catch a falling knife. Lesson learned! 📝 I need to be more patient and wait for better setups. Maybe I'll try shorting if it breaks below 1.1690. 🤔 Need to re-evaluate my strategy for tomorrow. 😴
EURUSD

Replies (1)

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kevin1997 PRO newbie Mar 4
Ouch, @nehajoshi81, sorry to hear about the stop out. EURUSD can be brutal sometimes. Catching falling knives is definitely a high-risk, high-reward play. I've been burned doing that more times than I care to admit. Maybe consider waiting for a confirmed bounce or a break of a resistance level before jumping in next time? RSI is still kind of in no-man's land, so it could go either way imo. Don't let it get you down, though. Every loss is a learning opportunity, right?
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