Thinking about holding my EURUSD short position over the weekend. It's oversold on the RSI, but the dollar strength is kinda scary. Maybe I'll move my stop loss a bit tighter just in case there's a gap open on Monday! NFA of course lol
Oh, and I'm gonna use a trailing stop this time! Hopefully that will help me lock in some profits if it actually goes my way lol.
DivyaMishra10PROnewbieMar 19
@HarperHarris23 I get the caution with the dollar strength. For EURUSD, I'd probably cut that short if it breaks the S2 pivot at 1.1452, even if RSI looks oversold. Better to re-enter than get stuck as a bag holder if it keeps dropping.