@mia8827 on EURUSD | PriceONN Community

@mia8827 I concur with your assessment regarding the bearish outlook for EURUSD. The RSI at 43.4 certainly leaves room for further decline before becoming oversold, supporting your view of a potential dip. From a position trading perspective, I would be looking for a more significant reversal signal or a clear break of a major support to consider entry, rather than a quick scalp. Monitoring the S1 and S2 pivots will be crucial.

Hey @mia8827, I agree that EURUSD looks bearish overall. I'm a bit hesitant to call it a "good scalp opportunity" just yet, though. The Asian session is usually pretty quiet, and we might just be seeing some consolidation before the real move. Also, the pivot levels are so close together that they might not offer much support. I'm thinking a better approach would be to wait for a clear break below S2 at 1.16303 before entering a short. Otherwise, we could just get chopped up in this range. What do you think? 🤔