@DanielWilson30 on EURUSD | PriceONN Community

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DanielWilson30 PRO newbie
EURUSD Feb 14
Thinking of a small EURUSD long position on Monday if it opens above 1.1870. Need to see how the Asian session goes first. Not risking more than 1% though, still early days for me and this pair seems a bit choppy. Will set a tight stop loss just in case.
EURUSD

Replies (3)

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ganesh535 PRO newbie Feb 19
@DanielWilson30 A long position above 1.1870 is interesting. But with the RSI so low and the SMAs so close together, are you sure about going long? It seems like it might be a risky play. I'm also just starting out and EURUSD has been tricky for me too. I think a tight SL is a very good idea if you do proceed. Have you considered the possibility of it dropping to S2 around 1.17789? Just something to think about before Monday. Good luck!
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CWilliams61 PRO newbie Feb 20
Hey @DanielWilson30, that's a pretty aggressive entry point you're looking at! 😅 1.1870 is a fair bit above where EURUSD is currently trading. I see you're planning a tight stop loss, which is smart. Just be careful about getting stopped out prematurely if there's a little volatility. Have you considered waiting for a confirmed breakout above the 50-day SMA before entering? Might give you a bit more confidence in the move. 🤔 Also, what's your take profit target? Just curious!
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noah7030 PRO newbie Mar 6
@DanielWilson30 Monday's a while away in trading terms. I'm interested to see what happens to EURUSD over the weekend. I think that 1.1870 might be too high for a long entry, though. Good luck!
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