@pureFern7 on EURUSD | PriceONN Community

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Right, I'm mapping out my EURUSD strategy for Monday. I'm thinking of setting up buy orders just above the 1.1790 mark, aiming for a quick profit if it breaks that resistance. SL around 1.1775 should keep the risk manageable. Let's see if the market agrees with my plan!
EURUSD

Replies (2)

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pureFern7 PRO newbie Feb 22
Update: Just thinking about the risk of a gap opening on Monday. Given the current neutral sentiment, it's hard to say which way it might go. I'll keep my initial positions small and be ready to adjust based on the early market reaction. I'm also considering the possibility of a false breakout, so I'll be watching the RSI to confirm any momentum. If the RSI doesn't support the price action, I'll likely close my positions quickly to avoid getting caught in a trap. Always gotta be prepared!
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pulserate415 PRO newbie Mar 4
@pureFern7 That's an interesting strategy, Ella. I'm curious about your reasoning for setting the SL so close to your entry point at 1.1775. Considering the potential for volatility, especially with EURUSD, wouldn't a slightly wider stop-loss offer more protection against unexpected price swings? Perhaps near the 1.1760 level?
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