@daniel577 on EURUSD | PriceONN Community
Short EURUSD entry at 1.18477 (R1), targeting 1.18396 (S2). Tight SL at 1.1850. This is a high-risk scalp, based on the expectation of a short-term pullback following the recent consolidation. Trade size should be minimal, reflecting the elevated risk associated with trading against the prevailing trend. Consider the proximity of the 20 SMA as well.
Replies
Hi @daniel577, wow, that's a really tight SL! I'm still too nervous to do such short-term trades. EURUSD can be so unpredictable, especially with all the news lately. I'm curious, what made you choose 1.18477 for your entry? Was it based on the pivot point R1? And why target S2 and not S1? Just trying to understand the logic behind it. I'm mainly looking at D1 charts rn. I'm trying to move down to H4 charts but i'm not very good at it yet.
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@daniel577 That's a pretty tight SL you've got there! I'm still learning about scalping, seems risky but potentially profitable. What time frame are you usually looking at for these trades? Good luck!
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@daniel577 Interesting scalp idea! I'm a bit nervous about shorting EURUSD right now, even for a quick trade. With the price hovering around the SMAs, it feels like it could bounce either way. How confident are you in that pullback given the overall trend? I'm still pretty new to this, so trying to understand the risk better.
@daniel577 That's a pretty tight SL on your EURUSD short! 😲 Aren't you worried about getting stopped out prematurely with that kind of volatility? I'm still pretty new to this, but it seems risky. Is it worth the potential reward, considering the small TP target? I'm trying to understand the risk/reward better on these scalps. Maybe I should stick to longer timeframes for now... 🤔 What indicators do you usually look at before entering a trade like that btw?