EURUSD looking kinda bearish to me, tbh. RSI is below 50, and the SMAs are all stacked up above the current price, acting like resistance. I'm just a newbie, so correct me if I'm wrong, but it seems like a short position might be the play here? 🤔 Anyone else seeing the same thing?
Okay, so quick update on my EURUSD analysis. I'm thinking of setting a tight SL just above the 20 SMA around 1.18082, and a TP near the S2 pivot point at 1.17868. Is that too aggressive? I'm still trying to figure out the best way to manage risk. Also, I'm using a small lot size, because I'm still learning. Any tips on setting realistic TP/SL levels for a beginner would be greatly appreciated! 🙏
