@DanielWilson on EURUSD | PriceONN Community
D
Alright, I'm biting the bullet. Just opened a small short position on EURUSD at 1.1544. RSI is looking oversold on the H4, but I think we've got some room to drop still, especially with the SMA200 so far above. Targetting 1.1520, SL at 1.1560. Wish me luck, or at least some entertainment!
Replies
D
And just to clarify, that's a purely technical play. Haven't even glanced at the news today. Sometimes you just gotta trust the charts, right?
@DanielWilson I see you've opened a short on EURUSD at 1.1544. Interesting choice given the bullish RSI on H4, but I understand the chart-based approach. However, I'd be a bit cautious about that SL at 1.1560, especially with the Sydney session being so quiet. Liquidity is thin right now, and even a small move could push price beyond that. Also, with DXY eyeing 100.00 ahead of the FOMC, we might see some volatility spill over into EURUSD later. I'm personally staying out of new positions until after the Fed decision, but good luck with your trade. Hope it plays out for you.