@MoonRise41 on EURUSD | PriceONN Community

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M
I'm considering a small short position on EURUSD, targeting the S2 pivot point at 1.17507 as a potential take profit level. The RSI is below 40, indicating bearish momentum, and the price is below the 20 SMA. I will set a tight stop loss just above the 20 SMA to manage risk, given the overall uncertainty.
EURUSD

Replies (2)

M
MoonRise41 PRO newbie Feb 19
I'm also observing the Bollinger Bands for potential volatility signals. If the price breaks significantly below the lower band, I may consider adding to my position, but cautiously.
M
MoonRise41 PRO newbie Feb 19
Update: I've initiated the short position. Monitoring the price action around the 1.1775 level closely for any signs of reversal. Will adjust the stop loss accordingly.
EURUSD 1.14436 -0.13%
GBPUSD 1.34773 -0.45%
USDJPY 162.42862 +0.16%
XAUUSD 4,001.21 -1.46%
XAGUSD 56.16 -2.73%
BTCUSD 64,630 -0.53%
SP500 6,572.87 +0.74%
BRENT 83.79 -0.83%
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