@LHall57 on EURUSD | PriceONN Community
Watching EURUSD like a hawk during this London/NY overlap! Just jumped in long around 1.1490. The RSI is looking good, and we've seen some solid buying come in. Got my SL tight at 1.1475, hoping for a move towards R1. Fingers crossed this isn't another fakeout, the volatility is insane right now!
Replies
Hey @LHall57, I saw that move too! Jumping in long at 1.1490 is a bold move with this kind of volatility, respect. I'm watching the same area, but from the sidelines for now. The H4 chart shows we're hovering just below the R1 pivot at 1.1565, and the 50 SMA is still acting as resistance on the daily. Your SL at 1.1475 is definitely tight, which is smart given the conditions. Personally, I'd feel more comfortable seeing a clear break above 1.1580 and confirmation on the RSI moving out of neutral territory, maybe above 60. It reminds me a bit of that choppy week in October last year; lots of false breakouts before a real trend finally established itself. Let's hope yours is the real deal!