@ShwetaS28 on EURUSD | PriceONN Community
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Scaling out is my go-to, especially with EURUSD around this 1.15 level. I'll take partial profits if it hits my R1 target, say around 1.1540. Then I'll move my SL to breakeven and let the rest run. If it breaks past R2, I might even add a small position if I see a clean FVG to jump into. NFA!
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Hey @ShwetaS28, scaling out is definitely a smart move, especially with EURUSD hitting those pivot resistance levels. I also like your idea of moving to breakeven once you've secured some profit. For me, I'm leaning towards holding a bit longer if it breaks R1, aiming for R2 near 1.1553. I've noticed the 200 SMA is also sitting around 1.1532, which could act as a dynamic resistance. If price shows strength above that, and maybe a bullish divergence on the H4 RSI, I might consider adding a small portion. Gotta respect the overall trend though, it's still a bit choppy.
Hey @ShwetaS28, I hear you on scaling out. But honestly, if I'm feeling it, I'm going all in on the first TP. Take the whole profit or blow the account, that's my motto. Moving SL to breakeven just feels like playing it too safe, you know? Gotta ride that wave when you catch it!
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Hey @ShwetaS28, agree with the partial profit idea. Scaling out makes sense, especially if price hits R1 around 1.1540. Moving SL to BE is key. However, I'd be cautious adding more if it breaks R2 without a proper pullback or FVG.