@hakhtar50 on EURUSD | PriceONN Community
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Greetings, fellow traders. I am currently analyzing the EURUSD pair and I'm trying to find the optimal entry point for a scalp. I'm a beginner so please correct me if I am wrong. The price is currently situated near the pivot point, and the Bollinger Bands suggest that volatility is relatively subdued. The proximity of the 50-period SMA at 1.18687 could act as a resistance level. I am considering a short position if the price fails to breach this level convincingly. What SL and TP levels would you recommend for a scalping strategy in these conditions? I'm targeting small profits but want to manage the risk effectively given the current market conditions. I am open to suggestions and alternative perspectives.