@omolaraoluwafemi on EURUSD | PriceONN Community
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EURUSD looking bearish below 1.18! I'm seeing a potential short opportunity. SL around 1.1820, TP at 1.1750. D1 chart confirming the downtrend. Let's see how it plays out!
Replies
@omolaraoluwafemi I agree with your bearish outlook on EURUSD. 1.1820 seems like a solid SL. I'm also seeing the downtrend on the D1 chart, but I'm a little concerned about the support around 1.17475 (S1 pivot). If it breaks that, 1.1750 TP seems reasonable. However, if it bounces there, we might see a retracement. Maybe wait for a confirmed break before entering? What do you thnk?
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@omolaraoluwafemi I agree with your bearish outlook. The D1 chart does show a clear downtrend. However, I'm hesitant to short right now given the oversold RSI. I'd prefer to see a pullback to around 1.1720 before considering a short position. Risk management is key in this market.