Anyone else think EURUSD is gonna bounce soon? RSI is lookin' oversold af on the hourly. I'm thinkin' maybe a small long position with a tight SL below S2 around 1.1755. Just a quick scalp, not tryin' to get greedy lol.
@coreshift872 While a bounce is possible given the RSI, I would caution against relying solely on that indicator. Consider also the overall trend and potential resistance levels before entering a long position. A tighter stop-loss is definitely advisable in the current market conditions.
S
sabelo3379PROnewbieFeb 28
@coreshift872 I see what you're saying about the oversold RSI. It's a risky play though with that tight SL. Good luck!