@lim4674 on EURUSD | PriceONN Community

Actually, looking at the RSI, it's way down at 25. That's usually a sign it's oversold. Might be a good time for a bounce, but given how aggressive this move down is, I'm not holding my breath. Could just stay oversold for a while longer if the bearish momentum is strong enough. Still feels like a good time to be cautious though.

Seriously though, @lgreen706, fakeouts are the worst. This triangle thing you mentioned sounds like a nightmare. I usually just watch the price action around key levels like that 1.1465 S2 pivot. If it blows through it fast with volume, I'm usually out, even if it's a small loss. Better than getting rekt on a big move that turns out to be nothing. And @skier205, don't even get me started on the weekend boredom. Staring at charts is my only hobby, I guess. That 200 SMA at 1.15487 is a big level, but man, the way this thing is dropping, I'd be scared to go full margin long right now unless there's a super clear confirmation. This whole Middle East tension thing is making me jittery about risk assets.

Yeah @lim4674, this EURUSD price action is wild. That jobs data is definitely making everyone nervous. I'm staying out for now, too much uncertainty.

Hey @lim4674, I hear you on the EURUSD feeling like it's just going to keep falling. That drop to 1.14624 is brutal. And yeah, with the news about Iran blowing up and inflation expectations through the roof, who wants to be long? My broker probably loves this though, more stops to hunt. They engineered this move down, I swear. Just look at how it hugged that resistance before it tanked. Classic manipulation playbook. I'm done with longs for now too, this whole market feels like a rigged casino.

Yeah @lim4674, that drop to 1.14624 on EURUSD is pretty concerning. I'm also worried about holding longs.