@dwalker221 on EURUSD | PriceONN Community

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Planning my EURUSD trades for Monday. I'll be watching for a break above 1.1875. If it can hold above that level, I'll consider a long position with a target around 1.1890. Stop loss will be placed just below the R1 pivot to manage risk. Need to see some strong volume to confirm the move.
EURUSD

Replies (2)

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MichelleH62 PRO newbie Feb 17
@dwalker221 I see your point about 1.1875! 👍 A break above that level could definitely signal a bullish move. However, I'd be cautious about the overhead resistance at 1.1890. Perhaps consider scaling into your position rather than going all-in at once? Just a thought! 😉
C
ChukwuemekaHiker PRO newbie Mar 3
Hi @dwalker221, that's an interesting plan for a long position. 1.1875 seems like a key level. I'm still new to this, so I'm curious, why are you waiting for a break *above* that level instead of buying now at what seems like a low price? Is it about confirming the trend reversal first? And how do you decide where to place your stop loss?
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