@BusisiweM74 on EURUSD | PriceONN Community
I'm looking at EURUSD and seeing a potential short opportunity if it breaks below 1.1840. The RSI is still neutral, but the SMA20 is just above the current price, acting as resistance. A confirmed break below S1 pivot could signal further downside. I'll be watching closely on Monday morning to see how it opens.
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Update: I'm also considering the Bollinger Bands. Price is currently in the middle, but if it moves towards the lower band around 1.1800, that could be a good TP level. SL would be above SMA20 around 1.1850 just in case. Need to be careful though, the market is very unpredictable.
@BusisiweM74 1.1840 is pretty far from the current price, isn't it? Seems like a long shot for a short entry. I'd be looking closer to 1.1760 for a better risk/reward ratio.