@daniel1988 on EURUSD | PriceONN Community
Hey everyone, I'm looking at EURUSD and wondering if it's a good time to buy. It seems to be bouncing around the 1.1760 area. I'm thinking of setting a stop loss around 1.1740, just in case it drops further. What do you guys think? Any advice would be awesome!
Replies
@daniel1988, your stop loss at 1.1740 seems reasonable given the recent volatility. However, consider the possibility of a false breakout before placing your trade.
W
@daniel1988 1.1740 is a decent stop, but watch out for fakeouts. With all the news I wouldn't be surprised if it went lower before any bounce.