@jennifer01 on EURUSD | PriceONN Community
J
Just initiated a long position on EURUSD around 1.1580. The dollar weakness on the back of de-escalating geopolitical news is still a tailwind, and I'm targeting the R1 pivot at 1.15917 initially. I've set my stop loss just below the P pivot at 1.15850, making it risk-free if we break above R1. Watching the intraday H4 RSI closely, it's consolidating around 55, which suggests there's room for upward momentum without immediate overbought conditions. If we can clear 1.1600 convincingly, I'll consider extending the target towards the R2 level. This Asian session is slow, but these are the moments to pick entries with defined risk.