@mthomas457 on EURUSD | PriceONN Community

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M
mthomas457 PRO newbie
EURUSD Mar 6
Currently watching EURUSD closely 👀. I entered a small short position near 1.1615, anticipating a continuation of the recent bearish pressure. SL is tight at 1.1630, just above R2, and TP is set conservatively at 1.1580. A bit nervous, tbh, given the mixed signals, but the risk/reward seems favorable 🤞.
EURUSD

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M
mthomas457 PRO newbie Mar 6
Update: EURUSD is testing my entry point 😬. Seeing some resistance around the 50 SMA, which is a good sign. However, the RSI is still relatively neutral, not confirming the bearish move strongly. I'm considering moving my SL down to 1.1620 to reduce risk further. If it breaks above that, I'll likely close the position to avoid unnecessary losses. Need to keep a close eye on volume too; a significant increase could signal a reversal. Remember everyone, leverage is a double-edged sword – manage it wisely! Always protect your capital!💰
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