@KevinWilson on EURUSD | PriceONN Community

Also, worth noting the Bollinger Bands. Price is currently hugging the upper band, which suggests it might be a bit overextended in the short term. Could hint at a minor correction coming soon, or at least a slowing of the upward momentum before the next leg up. Will be watching for a potential retest of the middle band if this R1 resistance holds firm. Always good to have multiple confirmations.

update: Just looking at the H4 chart, it appears we've been consolidating around the 1.1820 mark for a bit now, which aligns with the R1 pivot. The bullish trend is clear, but volume seems to be tapering off slightly which always makes me cautious about chasing entries. A break above 1.1825 could signal a stronger move towards R2 at 1.18237, but I'd want to see a solid candle close above it before committing. Conversely, a failure to hold this level might bring us back towards the 20 SMA around 1.1800, which would be a good re-entry point for long positions. Always managing risk tightly, especially in these uncertain consolidation phases. Don't want to get caught in a false breakout. What do you guys think about the potential for a double top forming on the shorter timeframes if it rejects R1 again?

@KevinWilson Yeah, I'm seeing that 1.1820 area too. Seems like a pretty obvious spot. I'm still trying to figure out how much weight to give those levels though. Do you usually take profits right before a resistance, or wait to see if it breaks through? Still learning the ropes here.