@lilybell80 on EURUSD | PriceONN Community
L
My strategy for EURUSD lately is a bit of a 'wait and see' approach combined with scaling. I'm not jumping in aggressively on every little move. What I'm doing is looking for price to retrace towards the 50-day SMA, which is currently around 1.1575. If I see rejection there, I'll consider a short position. I'll place my initial stop just above that SMA, maybe around 1.1585. I'm also keeping an eye on the 200 SMA at 1.1544 as a potential support zone. If price breaks below that, I might add a small amount to my short if the momentum looks convincing. The key is to not get stopped out by minor fluctuations, so I'm using wider stops than usual for this pair's volatility. It's a bit nerve-wracking but I'd rather risk a bit more and give the trade room to breathe.