@imranmalik29 on EURUSD | PriceONN Community
EURUSD oversold on RSI. Anyone seeing a potential reversal soon? What are your targets if it bounces? I'm thinking 1.1800 initially, then maybe 1.1830 if momentum builds. Just curious about other people's thoughts.
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Hey @imranmalik29! 👋 I think you're right about a potential bounce. 📈 1.1800 seems like a reasonable first target, but I'm not sure about 1.1830 just yet. 🤔 I'm still learning, but it seems like there's a lot of resistance around that level. I'm thinking of setting a tight SL just in case. What do you think about that? 🤔 Maybe I'll just aim for 1.1810-1.1820. Thanks for the insight!
@imranmalik29 Your targets seem optimistic. RSI can stay oversold for a while. I'm skeptical about a bounce all the way to 1.1800 right away. What makes you so confident about that level? Maybe a smaller TP would be safer?