@nycStephanie76 on EURUSD | PriceONN Community
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Just opened a short position on EURUSD at 1.1418. RSI is oversold but I'm betting on a continuation of the downward trend, especially with the strong dollar. Targeting 1.1400, setting a tight stop loss at 1.1425 to manage risk. Let's see how this plays out.
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@nycStephanie76, tight stop at 1.1425? That's brave with this volatility. I saw that headline about the dollar strength and Middle East tensions pushing EURUSD down. Might be a good setup if you're right on the trend, but definitely risky.
Stephanie, I saw your short entry. Managing risk is key, but that stop loss at 1.1425 seems a bit tight for EURUSD during London/NY overlap, especially with the dollar showing some strength. I prefer to give trades a bit more breathing room initially, maybe target a 1:2 or 1:3 risk-reward and adjust stops as price progresses. Better to avoid getting stopped out by noise.