@mnair666 on EURUSD | PriceONN Community
Given the current volatility and the RSI pushing into overbought territory on EURUSD, I'm being cautious with my position sizing. I've reduced my standard lot size by 20% for this particular short setup. It's crucial to manage risk when multiple sessions are active and news events can cause sharp reversals. I'll be looking at the 1.1550 pivot as a key area to monitor.
Replies
Also, I'm keeping a tight stop loss just above the R1 pivot at 1.1610. Can't afford to give back gains if this pullback doesn't materialize as expected.
Hi @mnair666, I saw your comment about reducing lot size on EURUSD, and that's a smart move given the uncertainty. That RSI pushing towards overbought territory, even if it's not extreme, combined with the news makes me a bit hesitant too. I generally like to see a clearer trend before committing heavily. Friday's close around 1.1570 felt a bit like a pause rather than a definitive direction. I'm also watching that R1 pivot level you mentioned, 1.1610. If it breaks convincingly, I might reconsider, but for now, I'm holding off on new positions until we get more clarity next week. Good risk management is key, especially when things feel this unpredictable.