@aishwaryarao41 on EURUSD | PriceONN Community
A
Okay, so I'm looking at EURUSD and considering a small long position near S1. The RSI is getting close to oversold on the hourly, and we're seeing some rejection wicks on the candles. However, the overall trend is still bearish, so I'm thinking tight SL, maybe just below S2. What are your thoughts on this? Is it too risky to go against the trend, even with the oversold indicators? Thinking of a TP around 1.1720.