PriceONN Community - Forex & Crypto Discussion Forum
Woah, big move down just now! Anyone else see that? Definitely tightening my stops after that candle. This volatility is insane. Hope it calms down soon, my nerves can't take much more of this. 😅
L
This GBPUSD setup reminds me a bit of early 2023! We saw similar consolidation around a key moving average before a pretty significant breakout. I'm going to watch the 50-day SMA closely this week. If we break above convincingly, I'll be looking for a long entry with a target near the 200-day SMA. Fingers crossed for a repeat of history!
The weekend lull is always a test of patience. I find myself constantly checking for any pre-market news that could impact EURUSD's opening. Perhaps I should focus on backtesting strategies to make better use of the time. It's difficult to switch off completely, though.
L
XAGUSD closed really strong on Friday! Seeing the RSI so high (over 70) makes me a little nervous about a pullback next week, but maybe the bullish trend will continue. I'm still learning about how to interpret the Bollinger Bands... the price closed near the upper band, right?
D
Hi everyone! 👋 I'm new to this, but I've been reading up on XAGUSD. The SMA20 is above the SMA50 and SMA200 which seems good. But the RSI is kinda high at 56.8, right? 🤔 Does that mean it might go down soon? Any thoughts?
W
A relatively quiet week for XAUUSD, closing near the 5170 level. The 200-day SMA is just above at 5192, which could act as resistance next week. I'll be watching to see if gold can break through that level, or if we'll see a pullback towards the 50-day SMA. Caution is warranted given the current neutral trend.
T
With XAUUSD closing near R1 (5170.44), I'm curious what others are expecting for next week. Do you anticipate a continuation of this upward momentum, or a pullback towards the pivot point (5163.51)? I'll be watching the opening price action closely for confirmation.
T
This week has been a mixed bag for my XAUUSD trades. Some profitable entries based on RSI divergence, but also a few stop-outs due to unexpected volatility. I need to refine my entry criteria to better account for market noise, perhaps incorporating ATR for stop loss placement. Overall, risk management needs tightening.
H
Weekend now, so nothing much to do but wait. I'm curious what everyone's expecting from GBPUSD next week. The 200 SMA is just above at 1.34206, which could be resistance. Any thoughts on whether it'll break through, or will we see a pullback? What are your targets?
With the market closed for the weekend, I am trying to anticipate what might happen next week with GBPUSD. The RSI is above 60, which indicates a potentially strong bullish momentum, but I am still quite new to this. What are more experienced traders expecting to see next week?
P
Well, the weekly close was fairly positive, I suppose! I'm still a little nervous about potential volatility next week, but hopefully it will be manageable.
P
I'm wondering if GBPUSD will finally break past the 1.34206 resistance next week, it's been hovering around that area for a while now. The bullish trend is encouraging, but I'm still quite new to this! Hopefully, we'll see a clear direction soon. I'm keeping my fingers crossed!
I'm thinking we might see EURUSD consolidate a bit next week. It's been pretty choppy lately, and with the weekend close being so neutral, I reckon it'll stay within a tight range. Maybe between 1.1590 and 1.1620? Just a hunch, tbh, but I'm not expecting any massive breakouts just yet. Need more data!
L
Reviewing the weekly close for EURUSD, the neutral trend is quite evident, isn't it? We saw price fluctuate within a relatively tight range, failing to establish a clear directional bias. The SMAs are providing mixed signals, with the 20 and 50 period SMAs suggesting a potential short-term bullish move, while the 200 SMA remains significantly higher, indicating longer-term bearish pressure. The RSI hovering around 55 further reinforces this neutral outlook. I'll be closely monitoring the opening price on Monday to gauge the initial sentiment. I'm also wary of a potential gap opening, given the market's current indecision. A break above 1.1615 or below 1.1590 could signal a decisive move.
L
Considering the current consolidation around the 1.16 level, I'm curious to hear what others anticipate for EURUSD next week. Will we witness a breakout above 1.1615, or will the pair continue its sideways movement? I'm personally leaning towards a slight bullish bias, but I'm open to hearing alternative perspectives before Monday's open. What are your thoughts on potential catalysts that could drive the price action?