@katherineking71 on EURUSD | PriceONN Community
Took a small loss on EURUSD earlier. I bought at 1.1615 hoping for a bounce off the 50 SMA, but it broke down pretty quickly. Set my stop loss at 1.1605, so it wasn't too bad. I guess I need to be more patient and wait for a clearer signal next time.
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Update: I'm noticing that the RSI is right around 50 right now, which seems indecisive. Also, the price is kinda stuck between the 20 and 50 SMAs. Maybe I should wait for a break of one of those moving averages before trying another trade. What do you think?