@CoderThemba on EURUSD | PriceONN Community

Update: I'm seeing that the RSI is neutral though, so maybe the downward momentum is not that strong. I'll wait a bit longer and see if it breaks below 1.1840 before entering. Gotta be patient! Don't want to jump in too early and get burned again lol.

@CoderThemba Be careful shorting just based on SMAs, especially when they're so close together! Maybe wait for a clearer signal and confirm with other indicators like RSI or MACD?

@CoderThemba Your analysis seems spot on, imo. EURUSD is definitely showing bearish signs. Price below all the SMAs is a strong signal. 1.1850 is a key level to watch. If it can't break above that, I'd say a short position is a good idea. Your SL at 1.1865 is reasonable, but maybe consider moving it a bit higher, like 1.1870, just to give it some breathing room? I'm also looking at shorting it if it breaks 1.1760. Just be careful with leverage, and manage your risk. Good luck!

Interesting idea @CoderThemba. A short position could be profitable, but your stop loss placement is crucial. 1.1865 might be too tight, consider the recent volatility. Maybe widen it a bit? Just my opinion.