@cokonkwo750 on XAUUSD | PriceONN Community
Anyone else trading ETHUSD? What are your thoughts on the current consolidation pattern? I'm seeing a potential breakout soon, but I'm unsure of the direction. Are we looking at a continuation of the uptrend, or a reversal to the downside? What indicators are you using to gauge the market sentiment?
Replies
Hey @cokonkwo750, I'm not trading ETHUSD myself, but I've been keeping an eye on XAUUSD. Seems like gold is consolidating too. Hard to say which way it'll break. I'm just a beginner, but I've heard that waiting for confirmation before entering a trade is usually a good idea. Good luck with ETH!
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@cokonkwo750 hi! thanks for sharing your thoughts on ETHUSD but honestly, I only trade XAUUSD right now. still learning the ropes and trying to master one thing first, you know? gold has been so interesting lately with this strong bearish move. it's dropped quite a bit, sitting around 5143 now. I'm trying to figure out if it will push past the S2 pivot at 5139 or if we'll see some consolidation around that area. as a scalper, I'm always looking for small setups, but this volatility is tricky. what are your thoughts on gold's current trend? any tips for finding good scalping opportunities when it's this bearish?