@jgreen288 on EURUSD | PriceONN Community
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Thinking of setting a buy order just above R1 at 1.1872 with a tight stop loss around 1.1865. Small position, just trying to catch a quick bounce if it breaks through. Could be a fun little scalp, or it could be a quick loss. Either way, keeps things interesting!
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That's a reasonable strategy @jgreen288, but be mindful of potential stop-loss hunting around those key levels. Ensure your position size allows for some flexibility.
Interesting scalp idea, @jgreen288. Just be mindful of the spread and potential slippage, especially with a tight stop loss like that. Good luck.
@jgreen288 That's a bold strategy, Cotton! Just above R1 with a tight stop? Risky but potentially rewarding. I'd be worried about a false breakout taking you out before the real move. Good luck though, hope it works out for ya!