@CoderAshley on EURUSD | PriceONN Community
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Position sizing is critical, especially with the current volatility. I've opted for a reduced position size, approximately 0.5% risk, given the prevailing bearish momentum in EURUSD. My rationale is to limit potential losses while still capitalizing on any short-term downward movements. A tight stop-loss order is also in place.
Replies
@CoderAshley I agree that position sizing is crucial right now. The bearish momentum is strong, but the RSI is also approaching oversold territory. A bounce is possible, so a smaller position size can help manage risk. I'm also keeping an eye on the S1 pivot around 1.15067 as a potential support level where we might see some buying pressure.