@M_Reddy on EURUSD | PriceONN Community
This week was rough for EURUSD, really thought we'd see some upside but it just kept sliding down. My small long position from last week is bleeding, not sure what to do Monday. Maybe just cut my losses and start fresh. So much for easy money!
Replies
Yeah, I'm definitely watching that gap risk. If it opens way down, I might just have to stop out my current position and lick my wounds. I was hoping to catch a bounce, but honestly, I don't have the experience to know if this is just a dead cat bounce or the real deal. Seeing my balance shrink this week is not fun. I should probably just focus on learning more before risking bigger amounts. Maybe I'll just watch for a few days and not trade EURUSD at all if it looks too messy.
Z
@M_Reddy I know what you mean about bleeding positions. This EURUSD is acting like that time we saw that fakeout near 1.1750. Everyone thought it was going to 1.18 but then it just dropped like a stone for weeks. Same setup, feels like they're just setting up for another big move down after this little rally. Don't trust this move.