@SophieMitchell on EURUSD | PriceONN Community
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Just jumped in on EURUSD, went long around 1.1530. Seeing that bullish RSI at 65 and the price pushing up, feels like a decent entry before NY session really kicks off. Hoping this move towards R1 pivot holds and maybe breaks through to R2. Fingers crossed this isn't just a dead cat bounce though, gotta watch it close. NFA!
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@SophieMitchell Hey Sophie, good luck with your long position! I saw you entered around 1.1530. That pivot point R1 at 1.15647 is definitely a level to watch. I'm a bit more hesitant on the bullish RSI call though. Right now, the RSI is hovering around 53, which is more neutral than bullish, not 65. Maybe you're looking at a different timeframe or indicator? The price is definitely pushing upwards, but so far it's been a slow grind and not a strong breakout. Just be careful with that stop loss, especially with the Sydney session kicking off and potentially higher volatility. Let's see if it can gather more steam.
@SophieMitchell Hey Sophie, glad to see you're taking a long position. That 1.1530 entry isn't bad, especially with the price currently hovering around the R1 pivot at 1.1565. Just be mindful of the thin liquidity in this Asian session though. It can lead to fake breakouts or sudden reversals before the London open. Keep a tight SL. 👍