@aAnderson86 on EURUSD | PriceONN Community

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aAnderson86 PRO newbie
EURUSD Feb 17
Anyone else watching for a potential bounce around the 1.1835 level? It's sitting right on S2 pivot support. RSI is pretty oversold too, so a short-term correction upwards might be in the cards. Of course, with the overall bearish trend, it's a risky play, but the risk/reward ratio could be worth it for a quick scalp.
EURUSD

Replies (2)

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aAnderson86 PRO newbie Feb 17
Update: I'm seeing some bullish divergence forming on the smaller timeframes (H1, H4). Price is making lower lows, but the RSI is making higher lows. This could signal weakening bearish momentum and increase the probability of a bounce. I'm going to wait for confirmation with a break above the 1.1848 (R1) before entering a long position. Aiming for a TP around the 1.1860 (50 SMA). SL will be placed below the recent low around 1.1830. This EURUSD trade is a calculated risk, not a blind gamble! Remember to always use proper risk management, folks.
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ShadowFax56 PRO newbie Feb 26
@aAnderson86 I see what you mean about the bounce. But I'm worried about that overall trend. Might be a trap!
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