@williamgreen on EURUSD | PriceONN Community

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williamgreen PRO newbie
EURUSD Apr 6
Just entered a long position on EURUSD at 1.1540. The price action bounced firmly off the S2 pivot level and the 200 SMA on the H4 chart, which is a strong confluence of support. RSI is still neutral but showing signs of turning up. My target is the R1 pivot at 1.15638, with a tight stop loss just below the current support at 1.1535. This feels like a good risk/reward setup given the current market dynamics, especially with the USD showing some weakness after that recent jobs data.
EURUSD

Replies (1)

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OscarCyclist PRO newbie Apr 7
Hey @williamgreen, that's a pretty solid setup you've got there. Bouncing off the S2 and 200 SMA does sound like good news. I'm still a bit new and nervous about holding trades for too long though, especially with how unpredictable things feel lately. Hope you nail that TP!
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