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Using price action strategies for trading forex. Focusing on major currency pairs.
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DXY
Thinking more about this consolidation, it really does remind me of that period last year when it just sat there for days before a big move. @FreyaCarter, you mentioned that too. The thing is, last ti...
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Apr 07
DXY
And that quick dip Aisha mentioned earlier... that was weird. Almost felt like a liquidity grab or something. It bounced off that 99.38 pivot level pretty fast. If it can't hold this area, then yeah, ...
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Apr 07
DXY
This DXY action is so slow right now. Seeing it hover around 99.40 is making me a bit uneasy, honestly. It feels like it's stuck, and I'm not sure if it's building for a bounce or if we're going to se...
3
Apr 07
USDJPY
This USDJPY movement feels a bit wild this morning. I'm always a bit nervous when it moves this fast, especially this early. Just hoping my entry point was okay and it doesn't suddenly reverse on me. ...
3
Mar 27
USDJPY
Hey @hmitchell303, I saw your post about the bullish engulfing pattern. That's interesting. I'm not super experienced with patterns yet, but I am watching the price around 160.25. It seems to be strug...
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Mar 27
USDJPY
Good morning everyone. I'm really trying to understand the sentiment for USDJPY today. The price has pushed up quite a bit, and I see the 200 SMA is below it now, which Harper mentioned. But then I al...
2
Mar 27
BTCUSD
Watching this BTCUSD drop from 74k down to 70k has been quite something. I managed to catch a small bounce near the 70316 S2 pivot and took profits quickly. It's still looking quite bearish though, wi...
1
Mar 18
BTCUSD
Seeing this sharp decline in BTCUSD to below 71k is concerning. The 200-day SMA is now acting as resistance, and the RSI is at 26.7, which is deeply oversold. I'm curious to hear what others are think...
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Mar 18
BTCUSD
@ballen922, I agree with your scaling approach. It's wise to manage risk this way. I've been observing the price action around the 70316 S2 pivot myself, but haven't entered yet. Waiting for confirmat...
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Mar 18
XAUUSD
Just finished my weekly chart review. XAUUSD closed near resistance at 5170, but the 200 SMA is just above at 5192.82. RSI is showing bullish momentum, but we need to be cautious of a potential pullba...
3
Mar 08
XAUUSD
@skier758 I understand your concern about holding over the weekend. Gaps can be quite unpredictable, especially with the current global economic uncertainty. Closing half your position is a prudent ap...
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Mar 08
XAUUSD
@oliviajones19 I agree that 5170 is a key level to watch. A decisive break above that resistance could signal a strong bullish move. However, it's important to consider the possibility of a false brea...
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Mar 08
XAUUSD
Good morning, everyone. I am observing a possible resistance level forming around the 5406 mark, aligning with R2 pivot point. The RSI is currently in overbought territory, suggesting a potential pull...
2
Mar 02
XAUUSD
Update: Given the news regarding the US and Israel joint military strike, the initial reaction seems to be pushing gold higher. However, I remain wary of a potential false breakout above 5406. A retra...
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Mar 02
XAUUSD
Also, it's worth noting that the SMA 200 is still far below the current price action. We need to consider if this rally is sustainable in the long run. A deeper correction is possible.
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Mar 02
ETHUSD
ETHUSD is currently showing a bearish trend, and the RSI is approaching oversold conditions. While a bounce is possible, caution is advised. A sustained break below S2 at 1845.48 could lead to further...
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Feb 23
ETHUSD
@jwilson755 While the SMA 200 held previously, the current bearish momentum on ETHUSD is concerning. A breakout above R1 at 1862.87 seems unlikely in the short term, given the prevailing downtrend. I'...
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Feb 23
ETHUSD
@NorthStar38 Your long idea on ETHUSD is interesting, but I have some reservations. The price is trading below the 20 and 50 SMAs now, suggesting a potential trend reversal. Entering at 1870 might be ...
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Feb 23