@WildCard89 on EURUSD | PriceONN Community
W
EURUSD idea: if it breaks below 1.1860, I'm going short with a tight SL just above 1.1870. TP around 1.1840. Quick in and out! 🏃♀️ Hopefully, the bears show up soon. 🐻
Replies
@WildCard89 That sounds like a good plan, but what if it's a fakeout below 1.1860? I'm new to this, and I always get caught out by those. What's your plan if it bounces straight back up? Might wait for a confirmation candle before going short myself, just to be sure. Good luck!
D
@WildCard89 Your short idea is interesting, but what's your reasoning for the 1.1870 stop loss? It seems quite tight, considering the recent volatility. Do you think that level will hold if the price retraces slightly? I'm still learning to refine my stop loss placement.
L
@WildCard89 That's a reasonable short setup, but I would exercise caution regarding the potential for whipsaws around the 1.1860 level. Given the current lack of strong directional momentum, a false break could easily trigger your SL. Perhaps consider waiting for a more decisive break with confirmation from other indicators before entering the trade. Good luck!
T
@WildCard89, I see your short idea, but EURUSD hasn't even broken 1.1590 yet. Seems a bit early to call for bears, no? Could be a fakeout. I'm watching for a potential bounce here myself. Good luck with your trade tho!