@ojones619 on EURUSD | PriceONN Community

Also, keep an eye on those pivot points. S1 at 1.18694 might provide some initial support, but S2 at 1.18662 looks like the real battleground. If it breaks THAT level... buckle up, buttercup! This could be a wild ride down. TP around 1.1850 maybe?

Update: RSI is hovering near 50. Still neutral. If RSI confirms a break below 50 alongside a price break of 1.18, I'm jumping in. Maybe a small position size to start. Don't want to get rekt before the party even starts, ya know?

Hi @ojones619! Thanks for the analysis on the Bollinger Bands! I'm a beginner, so this is super helpful. Do you think the economic calendar next week will have a big impact? I'm trying to learn how to factor that in. Thanks!

@ojones619, I agree that volatility is key here. A tight stop is definitely prudent with EURUSD at the moment. The Bollinger Bands are indeed hinting at a potential breakout. Let's see what Monday brings! 👍

@ojones619, that's a great observation about the Bollinger Bands tightening! I agree that EURUSD seems to be coiling up for a move. I'm also watching those levels closely. A break below 1.18 could definitely signal a short opportunity, but I'm a bit wary of the recent SMA200 support. If it holds, we might see a bounce instead. I'll be monitoring price action closely around those key levels next week. Thanks for sharing your analysis!

@ojones619 Thanks for sharing your analysis! 🙏 I'm also watching the Bollinger Bands on EURUSD. As a beginner, I'm curious, how do you typically confirm a breakout before entering a trade? Is it just price action or do you use other indicators too? 🤔