Hi all, I'm pretty new to this, and I'm a bit concerned about the recent EURUSD downtrend. The RSI is looking quite bearish. Does anyone think it will continue to fall, or is a reversal likely soon? What are your thoughts on risk management around this level?
@james4996, it's wise to be cautious. Given the neutral RSI, waiting for more confirmation before making a move is advisable. Risk management is crucial, especially with potential volatility around key SMA levels.
J
joshua7472PROnewbieFeb 28
@james4996 Hey mate, being new is tough! I reckon EURUSD could bounce back up, but yeah, risk management is key! 🔑 Maybe set a tight SL and see what happens? Good luck!
