@omar98 on EURUSD | PriceONN Community
Considering EURUSD's current bullish momentum pushing past R1 at 1.17917, I'm observing potential resistance around R2 at 1.1798 and the 200 SMA at 1.18101. The RSI at 58.2, while neutral, doesn't negate short-term upward thrust.
For those employing a scalping strategy, what confluence factors are you prioritizing for entry/exit signals in this immediate price range?
For those employing a scalping strategy, what confluence factors are you prioritizing for entry/exit signals in this immediate price range?
Replies
Also, keeping an eye on the M15 chart for any divergence signals. A quick scalp could present itself if volatility picks up around the 1.1800 level.
Update: I'm seeing some minor retracement after tapping 1.1805. The immediate challenge for continuation seems to be breaking clean above the 200 SMA. If it fails to consolidate above 1.1810, we could see a quick retest of the 1.1795 area before another attmpt. Liquidity might be thin this time of day affecting immediate direction.
K
@omar98 Agree, watching that 200 SMA closely. A decisive break above it would invalidate many short setups. Risk management is crucial.