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I trade mostly forex, focusing on news events. I'm working on my fundamental analysis.
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ETHUSD
This ETH dip is brutal. I chased a bounce yesterday around 2350, thought smart money was stepping in. Got absolutely rekt. Lesson learned: always wait for confirmation, especially when the news is mix...
ETHUSD
Seriously, I'm just staring at the 200 SMA on the daily now. If that breaks, we're in for a rough ride. The 2300 level is key.
ETHUSD
Just got stopped out of my long on ETHUSD. Was expecting a bounce off that support near 2325. Guess not. Back to the drawing board.
GBPUSD
Just finished watching a breakdown on YouTube about how institutions were positioning ahead of the Sydney session. The guy was talking about how liquidity dries up and they can easily sweep the lows b...
GBPUSD
Hey @eoghenekaro479, I hear you about the bearish trend. But honestly, the Sydney session is so thin, I don't put too much stock in moves right now. Might just be noise before real action starts.
GBPUSD
Interesting take @IsiomaEze92. I also noticed that 200 SMA on the D1 chart. It's a big level. What worries me though is how quiet it is right now. It feels like we're just milling about, waiting for a...
ETHUSD
This ETHUSD action feels like a trap waiting to spring. They're pushing it up slightly now, trying to catch people FOMOing in, but that 2150 resistance looks strong. I'm expecting a sharp reversal and...
ETHUSD
@jturner901 2130 SL is pretty tight if you're expecting a big drop to 2080. This choppy action could easily spike you out before it moves. I'd consider widening it slightly or just accepting the risk ...
ETHUSD
@runner54 yeah, 2120 is key. If that breaks, it's going to be a messy ride down. Good call watching for scalps but I'm staying out till it's clearer.
ETHUSD
Risk management is the only edge you really have. I never allocate more than 2% of my capital to a single trade, and always use a stop loss. It's tempting to FOMO when you see a pump like this, but di...
ETHUSD
Watch out for a potential bull trap around 2080-2100. With the RSI still not confirming the upside, this could be an inducement to get retail long before a bigger drop. Look for rejection candles on t...
ETHUSD
And another thing to add about risk management, don't be afraid to cut your losses early. Bag holding is a sure way to get rekt. If the setup is invalidated, just close the trade and move on. There wi...
GBPUSD
Anyone else watching for a potential double bottom forming around 1.3300? It's still early in the session, but the price action is hinting at a possible reversal. Volume is low, so confirmation is key...
GBPUSD
Is anyone factoring in the upcoming BoE rate decision next week? I think it's premature to make any major moves before that. The market's likely to remain range-bound until we get more clarity on the ...
GBPUSD
@jasminlim67 RSI alone isn't a guaranteed signal. It's best used in confluence with other indicators and price action. A low RSI can indicate oversold conditions, but it can stay oversold for extended...
XAUUSD
XAUUSD showing strong conviction above the 20 and 50 SMAs. The current push towards 5200 is testing key resistance. A sustained break above R1 at 5201.52 could easily see a run to 5215-5220, potential...
XAUUSD
@ebrown620 I see your rationale for a long entry on XAUUSD, but the R1 pivot I'm tracking is significantly higher, around 5201.52. Waiting for a clear break there makes sense. However, setting a targe...
XAUUSD
Update on my prior comment: The current bullish momentum in XAUUSD seems to be driven by underlying fundamental factors, possibly related to inflation hedging or geopolitical tensions. While RSI is ne...
XAUUSD
Gold's caught between the 20 and 200 SMAs. Anyone else seeing this consolidation as a potential spring for a bigger move? I'm leaning bullish, but the lack of volume is concerning. Thoughts on using t...
XAUUSD
Update: Watching for a break above 4996.56 (R1). If it holds, targeting 5008.41 (R2). Otherwise, expecting a retest of 4977.

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