@nicole91 on EURUSD | PriceONN Community
I'm scaling in slowly on this EURUSD dip. Started with a small position at 1.1530, and I'll add more if it drops to 1.15. If it bounces, I'll take some profits along the way. It's all about managing the risk, right?
Replies
Hi Nicole, I see you're scaling in on the dip. It's a sensible strategy if done carefully. I'm also watching EURUSD closely today. The price is hovering around the R1 pivot at 1.1535, which could act as resistance. Given the cautious sentiment ahead of tomorrow's FOMC meeting, I'm not looking to add aggressively here. We saw a bit of a liquidity grab earlier, pushing price down briefly before a recovery. I've taken a small long position myself at 1.1525, aiming for a quick scalp to the 1.1550 area, but I'm ready to cut it if things turn south. It's good you're managing your risk with profit-taking levels. This pair can be tricky with US session volatility kicking in.