@isabellawright29 on EURUSD | PriceONN Community
Okay, so I've been having a look at the EURUSD charts over the weekend, trying to get a better feel for what might happen next week. It seems to be stuck between the 20 and 50 SMAs. I'm a bit worried about the RSI being around 54, feels like it could go either way tbh. I'm thinking of setting up some alerts near the R1 and S1 pivots just in case there's a sudden move. Does anyone else use pivot points for their entries? I'm still trying to figure out the best approach. I'm so nervous about trading I want to be sure.
Replies
Hey @isabellawright29, I'm also new to this, but I agree the RSI is making me nervous. Maybe wait for a clearer signal before jumping in? Just my two cents!
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@isabellawright29 Hey Isabella, I'm also kinda new to this, but from what I understand, those SMAs are like, areas where the price *might* change direction. So if it's bouncing between them, it's basically indecisive. And yeah, RSI near 50 is a headache! It *could* go either way, but with the current trend bearish, maybe it's more likely to drop? Just a thought tho, I'm still learning this stuff myself. Maybe wait for a clearer signal before jumping in? Good luck!