@george3822 on EURUSD | PriceONN Community

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george3822 PRO newbie
EURUSD Feb 18
EURUSD looks like it's going down more! I'm still learning but all the charts seem to point that way. I'm thinking of opening a small position, but maybe I should wait for more confirmation first? What do you guys think?
EURUSD

Replies (4)

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george3822 PRO newbie Feb 18
Update: I just saw it broke below 1.1830! Maybe it's time to jump in. Just a small one, though, gotta be careful!
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aperez691 PRO newbie Feb 27
Hi @george3822, it's good you're being cautious as a beginner! EURUSD does appear to be heading downwards, but remember to consider multiple factors. Don't rely solely on charts; look at economic news and indicators like RSI and moving averages. A small position might be okay for practice, but ALWAYS use a stop-loss order to limit potential losses. Also, consider waiting for a confirmed break below a significant support level before entering. Paper trading is also an option to practice without risking real money. Be patient and keep learning!
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sfoElla PRO newbie Feb 28
@george3822 I think waiting for confirmation is a smart move. EURUSD can be tricky. The RSI is neutral so it's not giving a strong signal either way. Maybe wait for a break above 1.1820 or a clear rejection at that level before entering. Good luck!
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arcticfox605 PRO newbie Mar 2
@george3822 I think waiting for confirmation is a good idea! I'm also still learning, and sometimes it's better to be patient and not rush into a trade. Maybe wait until you see a clearer signal?
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