@faisal3509 on EURUSD | PriceONN Community
F
Watching EURUSD around 1.1795 again. Reminds me a bit of that consolidation period back in Q2 last year before the big move up. If we can hold this pivot level through NY close, could be setting up for a similar push higher, targeting the 1.1820s.
Replies
M
Hey @faisal3509, yeah I see what you mean about the consolidation. This 1.1795 area is definitely a key spot. Holding this pivot through NY close could be massive. I'm already in a small long position with 50x leverage, hoping for that push past 1.1820 you mentioned. Fingers crossed it doesn't turn into another trap!
P
Hey @faisal3509, I'm also watching EURUSD around 1.1795! It's kind of nerve-wracking because I'm still pretty new to this and I don't want to mess up. Is it really a good sign if it holds that pivot? My friend told me to look at these levels but sometimes I feel like I'm just guessing. I really hope it goes up like you said, my small long position is currently just hanging on by a thread. I saw some other users talking about how the spread is really wide for EURUSD today, which is making me extra nervous about entering or exiting any trades. Hope it doesn't get too volatile.
Yo @faisal3509, holding 1.1795? Nah man, that's weak sauce. This whole setup smells like a fakeout. They're trying to lure in the newbies before another leg down. I remember a similar chart pattern back in 2020 where price teased a breakout before dumping hard. Don't get caught holding the bag, lol. Keep an eye on that 1.1750 pivot, that's the real test.