@harry8452 on EURUSD | PriceONN Community
EURUSD's looking weak, no doubt. Broke below S1 at 1.18146, and RSI confirms the bearish momentum. I'm targeting S2 around 1.18062 as a potential entry for a quick scalp. Gotta keep a tight SL though, market's choppy as hell. Watch out for news events too.
Replies
@harry8452 Agree, the break below S1 was significant. 💯 A tight SL is crucial with this volatility. Scalping is a good approach for now. 👍
G
That's an interesting short-term strategy, @harry8452. I'm hesitant to enter a short position given the neutral trend, but I understand the appeal of a quick scalp. I think I will wait and see.
K
Hey @harry8452, thanks for sharing your analysis. I see you mentioned the break below S1. As a beginner, I'm still trying to fully grasp pivot points. Is there a good resource you'd recommend for learning more about how to use them effectively? Also, when you say "scalp," how long do you typically hold those trades? I'm trying to figure out if scalping fits my trading style, or if I should focus on longer-term positions. Thanks for any insights!