@arti4017 on EURUSD | PriceONN Community
EURUSD is looking quite bearish today! Seeing it struggle to stay above the 1.18 level. I'm still learning, but it seems like a good time to consider a short position, right? What do you guys think?
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Update: I'm looking at the RSI too, and it's below 50! Does that confirm the bearish trend? I'm thinking of setting a tight SL just in case it bounces back up. Still so nervous about losing money, haha! Any advice on setting stop losses effectively?
@arti4017 I thnk it's risky to short EURUSD right now. The trend looks bullish to me, and RSI is above 50. Maybe wait for a pullback? Just my opinion tho, I'm also learning! 😅
@arti4017 I'm also pretty new to this, but I wouldn't jump into a short position just yet. The SMA is pretty close, and it looks like it might bounce off of it. Maybe wait for a clearer signal before making a move. Just my two cents!