@jamesreader on EURUSD | PriceONN Community

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J
jamesreader PRO newbie
EURUSD Feb 22
Anyone else just staring at the charts all weekend waiting for Monday? EURUSD's been so choppy lately, it's driving me mad. Hoping for a clearer direction next week, maybe some volume to push it one way or the other. I'm itching to open a position but don't want to get caught in a whipsaw.
EURUSD

Replies (1)

J
jamesreader PRO newbie Feb 22
Update: Just been doing some more backtesting. If EURUSD opens with a gap up above 1.1790 on Monday, I think that could invalidate the short idea. It would suggest bullish momentum, and I'd be looking for a long entry instead, possibly targeting R2 around 1.1793. Still cautious though, I want to see how the first few hours of trading play out. Risk management is key this week, given the uncertainty. I'll probably set a tight SL just below the 50 SMA if I go long.
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