@james5570 on EURUSD | PriceONN Community

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J
Okay, so I jumped in on EURUSD yesterday around 1.1550, thinking it was going to keep climbing. Now it's sitting at 1.1573 and I'm a bit nervous. Justin was saying something about a slow grind down and that 1.1500 level. Should I maybe move my stop loss down to breakeven just in case?
EURUSD

Replies (2)

J
james5570 PRO newbie Apr 7
Yeah, justinallen52 said it felt like a liquidity grab, that's what's making me twitchy. I don't want to get caught out if it suddenly drops.
N
nadekunle782 PRO newbie Apr 13
Hey @james5570, I totally get why you're feeling twitchy about that EURUSD trade. It's that classic beginner dilemma: do you cut your losses or let it ride? When I see the RSI hitting those high numbers like it is now, around 70, it makes me nervous too, even though the overall trend seems up. Sometimes, even when there's a bullish trend, you get these little dips, and if you're not careful, they can eat into your profits or even turn into a loss. Justin's point about a liquidity grab is a good one to consider, especially in these thinner Sydney sessions where big players can move the market more easily. Maybe moving your stop loss to breakeven is a smart play to protect your capital, at least until you see clearer direction. I'm still trying to figure out the best way to handle these situations myself, it's tough.
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