@nasiryakubu78 on EURUSD | PriceONN Community
This week's EURUSD close was kinda neutral, tbh. The price is still hovering around the SMAs, which means we could go either way next week. I'm thinking of setting up both buy and sell orders with tight stop losses just in case of a surprise gap opening on Monday. Need to be ready for anything, especially with the way the market's been lately. Also, keeping an eye on the RSI; if it starts trending towards overbought or oversold, that could be a signal. What do you guys thnk?
Replies
@nasiryakubu78 A strategy of setting up both buy and sell orders can be risky due to potential whipsaws. Ensure your stop losses are strategically placed, accounting for ATR, to avoid premature exits!