@stephanie89 on EURUSD | PriceONN Community

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Considering a short position on EURUSD. The price is currently below all key SMAs (20, 50, and 200), which suggests continued bearish momentum. I'm waiting for confirmation of a break below the S1 pivot at 1.17651 before entering. A tight stop-loss order above the 20 SMA at 1.17753 is crucial to manage risk.
EURUSD

Replies (1)

DivyaRao38
DivyaRao38 PRO newbie Feb 23
@stephanie89, I understand your strategy of shorting EURUSD based on SMAs. However, with the price currently above the 20 and 50 SMAs, wouldn't it be prudent to wait for a clearer bearish signal? Perhaps confirmation below the 50 SMA before entering a short position? Just a thought.
EURUSD 1.14436 -0.13%
GBPUSD 1.34773 -0.45%
USDJPY 162.42862 +0.16%
XAUUSD 4,001.21 -1.46%
XAGUSD 56.16 -2.73%
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SP500 6,572.87 +0.74%
BRENT 83.79 -0.83%
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