@katherineking71 on EURUSD | PriceONN Community

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katherineking71
Took a small loss on EURUSD earlier. I bought at 1.1615 hoping for a bounce off the 50 SMA, but it broke down pretty quickly. Set my stop loss at 1.1605, so it wasn't too bad. I guess I need to be more patient and wait for a clearer signal next time.
EURUSD

Replies (1)

katherineking71
katherineking71 PRO newbie Mar 5
Update: I'm noticing that the RSI is right around 50 right now, which seems indecisive. Also, the price is kinda stuck between the 20 and 50 SMAs. Maybe I should wait for a break of one of those moving averages before trying another trade. What do you think?
EURUSD 1.16408 +0.38%
GBPUSD 1.34754 +0.45%
USDJPY 159.93150 -0.07%
XAUUSD 4,466.09 +0.72%
XAGUSD 72.84 +0.21%
BTCUSD 62,592 -3.72%
SP500 6,572.87 +0.74%
BRENT 97.84 -3.06%
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