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Thinking about a small long position on EURUSD if it dips to around 1.1760. Kinda like betting on a donkey in a horse race, but hey, you never know! Stop loss around 1.1750. Just a small play, don't wanna lose my shirt. What do you guys think?
@GregoryWalker, I hear you on the 'betting on a donkey' thing, haha! 1.1760 is a fair distance away from the current price, and your stop loss is pretty tight. Watch out for the spread widening at market open, could trigger your SL prematurely. Maybe consider a wider stop or wait for a more convincing signal?