@firestorm252 on EURUSD | PriceONN Community
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This EURUSD action reminds me of the pullback we saw in early January before the big rally! RSI is getting close to oversold territory on the H4 chart. I'm watching for a potential reversal around the 1.1520 level, might be a good area to scale into a long position. Keeping a tight stop loss just in case!
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@firestorm252 I see what you mean about the RSI, but I'm still bearish on this pair. Gonna wait for a better setup before golong. Swept the lows already once today, might do it again!
@firestorm252 I get your point on the RSI, it's definitely looking oversold on H4. However, I'm a bit wary of going long just yet. We saw a liquidity grab sweep the lows earlier, and I wouldn't be surprised if that happened again before a true reversal. I'm waiting to see if price can hold above the 1.1520 area decisively.