@VivekKapoor on EURUSD | PriceONN Community
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Anyone else think EURUSD might retest the 1.1750 level soon? RSI is looking pretty oversold on the daily chart, but the downtrend is strong. Thinking of scaling into a short position around 1.18 if we get a bounce. What's everyone's take on this?
Replies
I agree with @VivekKapoor, 1.1750 level seems like a good target. Will keep an eye on it. Thanks for the heads up!
@VivekKapoor I'm also watching that 1.1750 level closely. Your idea of scaling into a short around 1.18 if it bounces makes sense, especially given the strong downtrend. I'm a bit new to this, so correct me if I'm wrong, but wouldn't waiting for a confirmed rejection at 1.18 before entering be a safer bet? Maybe look for a bearish candlestick pattern on the H4 chart? I'm trying to understand how to balance the potential for missing the move with managing risk more effectively. I thnk patience might be key here.