@gracedavies on EURUSD | PriceONN Community
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I'm eyeing a potential short position on EURUSD if we see a clear rejection at the 1.1848-1.1850 zone. That area lines up with the 50 SMA and a previous resistance level. A tight stop loss just above 1.1855. TP around 1.1820, looking for a 1:2 risk-reward. Gotta wait for confirmation though. No rush to jump in. Could be a nice swing trade if it plays out. The DXY is showing some strength, which could pressure EURUSD further.
Replies
@gracedavies That sounds like a solid plan! I'm learning about risk-reward ratios, so it's helpful to see how experienced traders set them up. I'll keep an eye on that 1.1848-1.1850 zone you mentioned. Thanks!