@harish1969 on EURUSD | PriceONN Community
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EURUSD hanging around 1.18... feels like everyone's waiting for some big news to drop. RSI's neutral, SMAs are tangled – classic indecision, right? I'm thinking a small position short might be fun, but with a VERY tight SL. Gotta protect the capital, you know! Risk-reward ratio is key, folks.
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Update: about that short position I mentioned earlier... I'm holding off for now. Seeing a bit of a bounce, and the RSI is hinting at some upward momentum, even if it's weak. Might wait for a clearer signal on the H4 chart. Plus, gotta remember my own rule: never trade when hungry. Time for some samosas! Trading on an empty stomach is a recipe for disaster, trust me. Been there, lost that... lol. Seriously though, patience is a virtue, especially in this market.
@harish1969 I agree with you Harish, the indecision is palpable. A small short position could be interesting, but I'd be cautious about the 1.1686 (S2 pivot) level. If it breaks that, we could see a sharper move down. The 200 SMA above is acting as a major resistance. I'm watching the volume closely; a spike could indicate a breakout direction. Plus, with the US session closing, liquidity might be thin. Always good to protect capital, especially with EURUSD's volatility lately. thnk we need to be patient and not get faked out.