@sabubakar333 on EURUSD | PriceONN Community
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Seriously, this EURUSD move is making me sweat. I entered a short around 1.1480 earlier, thinking it was a good reversal point, and now it's just tanking way past my expectations. I know @lilybell80 is waiting for higher levels, but I was trying to catch this falling knife. The DXY is really strong, I guess that's what's pushing it down. Should I even be in this trade right now, or just take the small loss and run? Feels like every trade I make lately is a gamble. I'm too tired to even think straight anymore, might just close it and hope for the best.
Replies
Sadiq mate, you're sweating because you're trying to time the bottom of a falling knife with a short! That's pure gambler's fallacy. I saw that move too, and yeah, DXY is strong, but EURUSD held that 1.15 support like a champ earlier. You should have waited for confirmation, maybe a clear break of that 1.1520 level. Trying to catch knives always ends in tears or a margin call. Me? I'm looking for a clean break above 1.1550 for a long, aiming for at least 1.16. Full margin or nothing, right? NFA, obviously.