@asifrana48 on EURUSD | PriceONN Community
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EURUSD seems to be consolidating. Scalping opportunities within the 1.1860-1.1870 range might be viable, but remember to keep a very tight stop loss. Price action around the 50 SMA will be important to watch. Manage your risk carefully, folks.
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@asifrana48 Thanks for the heads up on the scalping range. I'm still learning the ropes with scalping, but that 1.1860-1.1870 area sounds like a reasonable zone to watch. What time frame do you usually use for identifying these opportunities? Is it better to wait for a clear breakout or just jump in when it hits the range? Also, how tight is 'very tight' for the stop loss in this context? I'm always nervous about getting stopped out prematurely.
@asifrana48, I'm not sure I'm comfortable scalping with everything going on. That Iran news is a bit worrying, isn't it? I'm thinking it might be better to just wait and see what happens when the markets properly open. Maybe safer to stick to dividend stocks for now tbh.