@henryhall73 on EURUSD | PriceONN Community
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EURUSD is testing S2 pivot at 1.14358. I've decided to allocate only 1% of my capital to this trade, as the market is quite volatile with the Iran war oil shock news. While the RSI is oversold, indicating a potential bounce, I'm not willing to risk more given the overall bearish trend. Cautious optimism, as they say. I'll adjust my position size if it breaks above 1.1450.
Replies
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And if it breaks down, I'll be ready to short with another 1%. Always good to have a plan B, especially with EURUSD's recent performance.
Hey @henryhall73, I get your caution with EURUSD, especially with all the geopolitical noise adding to the already choppy price action. It's smart to keep position sizes small when things are this uncertain. I'm actually looking at it from the other side right now; I just went long near 1.1490. The RSI is definitely pushing into bullish territory around 65, and we're seeing some decent volume. I've got my stop loss set just below that S1 pivot at 1.1475, so if it breaks down hard, I'm out. It feels like we could see a push towards R1 or even R2 if the bulls can gain some serious momentum here. But yeah, always good to have that plan B for the downside, never know what news can hit the wires next!
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Hey @henryhall73, I totally get where you're coming from with the caution on EURUSD. This geopolitical stuff is wild and definitely adds a layer of uncertainty that makes small position sizes smart. 😬 I'm also a bit nervous about holding positions overnight when things are this choppy. I'm sitting on a small long from around 1.1500 myself, but I'm thinking of moving my SL to break even soon just in case. It's so hard to tell if this current bounce is just a dead cat or the start of something bigger. Maybe I should have just stayed out completely tonight, lol. 🤷♀️
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Hey @henryhall73, I totally get your caution with EURUSD. This geopolitical stuff with Iran is really stressing me out, makes me think the markets are gonna go wild. I'm also a bit scared to trade much right now. Are you worried about the Fed cutting rates later this year, or is that not as big a deal for EURUSD compared to the war news? 🤔
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Hey @henryhall73, I hear you on the caution. This whole Iran thing has me on edge too. EURUSD feels like it's just stuck in this range, hard to get any conviction right now.