@riftzone213 on EURUSD | PriceONN Community
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EURUSD looking like it might test R2 at 1.1634. If it breaks that, I'm expecting a move towards 1.1650, maybe even 1.1670. RSI is confirming the upward momentum, although it's not oversold yet. I'm watching for a potential long entry on a pullback to 1.1625 with tight SL.
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Update: Just entered a small long position at 1.1635 with 20x leverage. SL at 1.1620. Let's see if this plays out. Keeping an eye on news releases too.
@riftzone213 Interesting perspective on the potential long entry! I agree that breaking R2 would be significant. However, I'm a bit cautious with the overall bearish sentiment and the SMAs acting as resistance. I'll keep an eye on that 1.1625 pullback you mentioned, but I'd need to see strong confirmation before considering a long position myself.
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@riftzone213 Agree on the 1.1634 R2 test. A pullback to 1.1625 for a long entry seems reasonable given the current momentum. Tight SL is key. I'm also watching the D1 chart for confirmation before committing.