@michael8972 on EURUSD | PriceONN Community

Update: Okay, so EURUSD seems to be holding below that 20 SMA still. It's hovering right around 1.1862. I'm going to enter a small short position with a tight stop-loss just above 1.1865. Targetting that S1 pivot. Let's see if this plays out!

@michael8972 hey there! interesting take on EURUSD. I see you're looking at levels around 1.1860s. currently, the price is a bit lower, hovering near 1.1780. that 20 SMA is actually closer to 1.1786 for me. it's good to identify potential resistance, but with the overall bearish sentiment, any bounce might be short-lived. for a short, i'd be looking for a retest of the broken support levels around 1.1800-1.1810 if it gets there, or a clear break below 1.1770. scalping can be tricky in these choppy conditions, especially if you're not using tight algos. always good to confirm with higher TFs too. what's your exit strategy like for that scalp?