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I'm keeping my position size small today, given the uncertainty around the dollar index. is making me nervous. EURUSD at 1.157, right around the 50 SMA, so I'm watching that closely. If it breaks convincingly below, I'll scale in a bit more, but for now, it's a cautious approach.
@anjali2685 I'm also a bit nervous about the dollar index strength, especially with all the geopolitical uncertainty mentioned in. EURUSD breaking below the 50 SMA is definitely something to watch closely. Where do you usually place your stop loss in situations like this? I'm trying to refine my risk management strategy.