@krobinson911 on EURUSD | PriceONN Community
Potential long setup on EURUSD! Price just bounced off the 20 SMA at 1.18015. RSI is showing a bit of upward momentum, currently at 51.8. Looking for a break above the R1 pivot at 1.17983 to confirm the bullish move. Initial TP around 1.1820, SL around 1.1795.
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Update: EURUSD is struggling to break past 1.17983. Volume seems a bit low, which could indicate a lack of strong conviction. I'm tightening my stop loss to 1.1798 to minimize risk. Still holding the long position, but watching closely for any signs of reversal. Could be a fakeout!