@elenagarcia70 on EURUSD | PriceONN Community
Scaling in on EURUSD cautiously here. Seeing the RSI approach overbought on H1, I've initiated a partial short position around 1.1535. My plan is to add to it if price breaks below the 1.1520 support level, but only with a small increment. Stop loss is set above the R1 pivot at 1.1512 for this initial tranche.
Replies
Also considering a small scalp long if we get a clear rejection at the 200 SMA and the P pivot around 1.1500. It’s a tight risk/reward but could catch a quick bounce back towards the Bollinger band mid-line. Need to see volume confirm any move though.