@michaelsmith81 on EURUSD | PriceONN Community
M
Looking at a potential short setup on EURUSD. The SMAs are stacked pretty close together, acting as resistance around 1.18. If we see a rejection at that level, could be a good entry point. SL around 1.1820, and TP down to 1.1750. RSI is oversold, but still has room to fall further if the bearish momentum continues. Just need to be cautious of any unexpected news events. Manage risk, as always!