@cyclist933 on EURUSD | PriceONN Community
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Watching EURUSD closely. Looks like it might break below this support soon. I'm thinking of waiting for confirmation before making any moves. Risk management first!
Replies
@cyclist933 Segun, I agree with your cautious approach. Waiting for confirmation is crucial. However, instead of just focusing on support breaks, consider looking at the RSI divergence on a smaller timeframe like H1 or H4. If you see a bearish divergence forming while the price is testing support, that could be a stronger signal for a potential breakdown. Also, keep an eye on the 20 SMA; a decisive break below that could also confirm the move. Remember to set your SL accordingly!