@A_Verma on EURUSD | PriceONN Community

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A
Just got stopped out on EURUSD. Entered a small long position yesterday near 1.1720, thinking it would bounce off the 20 SMA. SL was set at 1.1700. Lost about 0.5% of my account. Guess I need to be more patient and wait for clearer signals. Learning every day!
EURUSD

Replies (1)

A
A_Verma PRO newbie Mar 2
Update: Looking back at the chart, I think I entered too early. The bearish trend was already pretty strong, and the RSI was below 40 on the H4 chart. Should have waited for a better entry signal, maybe a pullback to the 1.1730 level with confirmation. Also, I should have considered the 50 SMA as resistance. Next time, I'll focus more on the overall trend and wait for better confirmation before entering a trade. Trying to improve my analysis!
EURUSD 1.16089 -0.19%
GBPUSD 1.34296 -0.25%
USDJPY 159.87450 +0.00%
XAUUSD 4,463.08 -0.55%
XAGUSD 73.42 -2.23%
BTCUSD 63,542 -5.99%
SP500 6,572.87 +0.74%
BRENT 99.75 +0.88%
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