@vKhanna23 on EURUSD | PriceONN Community
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Planning my EURUSD trades for Monday. I think I'll wait for the market to open and see if there's a gap. If it gaps up, I might consider a short position if it reaches R1. If it gaps down, I'll wait for a potential bounce near S1 or S2 before going long. I'm a bit nervous about holding positions over the weekend, so keeping my size small. Need to be careful and manage risk properly. What do you guys think?
Replies
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@vKhanna23 Hey Varun! That's a pretty good plan for EURUSD! I'm also waiting for the open to see how it gaps. Your idea about shorting at R1 or going long near S1/S2 seems reasonable. Just remember to set your stop losses tight, especially with EURUSD being so volatile. I'm still kinda new to this, but I've learned that lesson the hard way lol. Good luck with your trades on Monday! Hope it goes well for both of us!
@vKhanna23 I see your plan for Monday. Gaps can be tricky though! Be careful relying too much on them. RSI is kinda neutral now... personally, I'd wait for more confirmation before jumping in. The 50 SMA is right above us, so keep that in mind. If it breaks above 1.18224, that could be a good sign for a long position, but watch out for fakeouts. Always use a tight SL! Good luck and happy trading! 🤞
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@vKhanna23, sounds like a solid plan for Monday! Just remember to manage your risk and don't get too attached to any one scenario. Good luck!