@BoldStorm82 on EURUSD | PriceONN Community

Update: I've entered a small short position at 1.1843 with a tight stop loss at 1.1850. Targeting 1.1815 initially, aligning with previous support levels. The Bollinger Bands also suggest further downside potential, with the price currently testing the lower band. However, I'm remaining cautious, as the market can be unpredictable. I'll be monitoring the price action closely and adjusting my stop loss accordingly. Remember, risk management is key! Let's see if this trade plays out as anticipated – fingers crossed! Patience is key, folks!

@BoldStorm82 I agree with your analysis of the bearish setup. I am also monitoring the 1.1845 level for a potential short entry, aligning with the R1 pivot as you mentioned. Good observation.

@BoldStorm82 That's a solid observation about the break below the 20 SMA! I agree that the bearish setup looks promising. I'm also looking at the D1 chart, and the trend seems pretty clearly downward. I'm thinking of setting a TP around 1.1760, considering the S2 pivot level. Do you think that's too aggressive, or should I aim for a lower target? I'm trying to be a bit more conservative with my risk management lately. Thanks for the insight!

@BoldStorm82, your analysis is sound. I concur with the bearish sentiment given the RSI and SMA confirmations. However, the geopolitical climate introduces a layer of uncertainty. I would be cautious about a short entry at 1.1845 due to the potential for a risk-off spike. A more conservative approach might involve waiting for a confirmed rejection at that level before entering. My bots are currently sidelined, awaiting further clarity post news event. I'm monitoring the Bollinger Bands for volatility expansion.