Just got stopped out of my short position on EURUSD around 1.1580. Was looking for a move down to test S1 at 1.15692, but price ripped back up. RSI was showing some bearish divergence on the H4, but clearly not enough conviction. Moving on, watching for a retest of the 50 SMA at 1.15968.
Hey @surferSamuel, I saw your stop out on EURUSD. That's rough, man. It's a tricky market right now, especially with that RSI divergence not playing out as expected. I'm seeing the price consolidating right around that 1.1566 level, which also happens to be near the R1 pivot. Honestly, I'm not too surprised we're seeing this sideways action in the Sydney session, liquidity is pretty thin. I'm keeping an eye on the 50 SMA at 1.14922 as a potential long-term target if we get a strong break below the current range. For now, I'm just observing.
