@cking653 on EURUSD | PriceONN Community
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Potential short setup on EURUSD: Entry around 1.1845, targeting 1.1825 for a quick scalp. SL at 1.1855. Risk/reward ratio is approximately 2:1. This trade is based on the current bearish momentum and the proximity to the 20 SMA resistance. Note: Market volatility is high, adjust position size accordingly.
Replies
@cking653 Interesting setup! 1.1845 entry looks good considering the 20 SMA. But I'm worried about the oversold RSI. It might give the bulls some strength for a short while. Your SL at 1.1855 is tight, but necessary. I'm thinking maybe waiting for a small pullback before entering short? What do you thnk about that? Good luck with the trade anyway!