@AishaBello48 on EURUSD | PriceONN Community

actually, I just noticed the RSI is at 67, kinda close to overbought territory. If it spikes higher, it's probably just inducement before they push it down. Typical manipulation tactics. Maybe I should set a tighter TP or even a trailing SL just in case they slam it.

@AishaBello48 I agree, the RSI is definitely a concern at 74.8 right now. Chasing this rally above 1.18 could be risky; better to wait for a confirmation of a pullback or consolidation.

Aisha, that 1.1760 area is a bit dicey for a long right now. The H4 RSI is showing bearish divergence, and we're below the 20 and 50 SMAs which are now acting as resistance around 1.1795. I'd be cautious chasing it higher. Price action isn't confirming bullish intent yet.

@matthewdavis41 You make some solid points about the technicals Aisha. I've got the H4 chart up and can see that bearish divergence on the RSI you mentioned, it's definitely a red flag. Plus, the 20 and 50 SMAs are converging just above current price action around 1.1790, acting as a pretty strong resistance zone. I agree that jumping in long at 1.1762 feels a bit premature given these signals. It might be better to wait and see if we get a clear break above those SMAs or a confirmation of a pullback to a more supportive level, maybe closer to the S2 pivot at 1.1769. Patience is key here.