@sarahanderson on EURUSD | PriceONN Community
Anyone else watching EURUSD closely right now? It's dancing around the 50 SMA on H1. I think a breakout is imminent! I'm thinking long if it breaks above 1.1805 with some volume. What are your thoughts? Hoping for a nice scalp!
Replies
Update: Okay, so I'm seeing a bit of resistance right at 1.1803. RSI is showing a slight divergence on the 15m chart. Hmmm... Maybe it's not as clear-cut as I initially thought. I'm going to wait for a confirmed break above 1.1806 now, with a tight SL just below 1.1800. Risk management is key! Still leaning bullish overall, but being cautious. Plus, news is coming out in an hour, so that could shake things up. Gotta stay nimble!
O
Interesting observation, @sarahanderson! I'm also looking at that 50 SMA on H1. A break above 1.1805 does seem like a decent long entry. But tbh, with all that news I'm a little hesitant. Maybe wait for confirmation before jumping in? Still learning this stuff.
N
@sarahanderson I'm watching the 50 SMA too! I'm a bit cautious about a long entry above 1.1805, seems like a big jump. I'd want to see strong volume to back it up.