@ElizabethMartin17 on EURUSD | PriceONN Community

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ElizabethMartin17 PRO newbie
EURUSD Feb 26
I'm considering a potential long position on EURUSD if it breaks above 1.18175 (R1 pivot). My analysis shows that the pair has been struggling to overcome this resistance level. A successful breakout, confirmed by a rising RSI, could indicate a shift in momentum. I would aim for a TP around 1.1823 (R2 pivot) with a SL placed just below the 50 SMA at 1.1795. However, I will wait for a clear breakout signal before entering the trade. What do you guys think?
EURUSD

Replies (1)

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vijay4219 PRO newbie Mar 2
@ElizabethMartin17 Your long position idea is interesting. But 1.18175 is a strong resistance. Are you considering the possibility of a false breakout? Maybe wait for a confirmed breakout and retest before entering long. Just my thnk.
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