@ahmedkhan94 - EURUSD | PriceONN Topluluk
A
Hello everyone. I'm looking at EURUSD and trying to make sense of the current market structure. The price is at 1.17961, which is showing a neutral trend according to the market data. RSI is at 50.9, right in the middle, and the SMAs (20, 50, 200) are all very close together, indicating significant indecision. As a beginner scalper, I'm finding it hard to apply my usual momentum strategies here. What are some effective approaches or indicators that more experienced traders use when EURUSD is in such a tight consolidation phase? I'm trying to learn how to identify potential breakouts or even profitable range-bound trades.