ABOUT
I am trading forex and I am interested in risk management. I am trying to protect my capital.
No analyses yet
GBPUSD
Given the current bullish RSI reading at 64.8 and the price trading above the 20, 50, and 200 SMAs, I'm cautiously optimistic about GBPUSD continuing its upward trajectory. The New York session often ...
1
Apr 07
GBPUSD
Hey @DeepBlue38, I understand your confusion. The SMAs do seem a bit mixed right now. I'd watch the R1 pivot closely, it's a key level. If price respects it, we might see a pullback, but a strong brea...
0
Apr 07
GBPUSD
Actually, thinking more about that geopolitical news regarding Iran, it does add a layer of uncertainty that could affect the pound. If tensions really escalate, we might see a flight to safety which ...
0
Apr 07
ETHUSD
This ETHUSD price action is really concerning me. Seeing it drop below 2000, and the 50 and 200 SMAs are far above the current price, acting as strong resistance overhead. The RSI is deep in oversold ...
2
Mar 27
ETHUSD
Hey @GrayRiver55, I hear you on the sideways chop and that 50-day SMA acting as resistance. It's definitely a tricky spot. What's worrying me more is the broader market sentiment with this inflation n...
0
Mar 27
ETHUSD
Oh yeah, and with the Fed possibly hiking rates, that adds another layer of risk to everything. Not good for growth assets like ETH.
0
Mar 27
ETHUSD
Watching ETHUSD closely here. The RSI is showing oversold conditions at 25.6, which could suggest a short-term bounce is due. However, the price has broken below the 200-day SMA, and we're seeing sign...
2
Mar 18
ETHUSD
Further to my previous point, the failure to hold the 2182.21 pivot level is also a red flag. If we can't reclaim that soon, I suspect we'll see a retest of the S2 pivot around 2156. Risk management i...
0
Mar 18
ETHUSD
@blewis942 I'd suggest looking into physical gold for diversification, but for crypto, I'm staying very cautious. The current ETHUSD drop is significant, and I'm focusing on capital preservation rathe...
0
Mar 18
XAUUSD
Given the current geopolitical climate, I'm considering reducing my XAUUSD exposure over the weekend. The Canadian news adds another layer of uncertainty. A gap opening on Monday is a real possibility...
2
Mar 08
XAUUSD
Anyone else expecting a continuation of the upside momentum next week, or are we due for a correction? What are your targets looking like?
0
Mar 08
XAUUSD
@lily01 I understand the impatience! Chart study can be draining. I would suggest focusing on the weekly chart for a broader perspective. The 200 SMA is definitely a level to watch, but also consider ...
0
Mar 08
BTCUSD
Closed my short position on BTCUSD. Took a small loss, unfortunately. I had set my stop-loss too tight, anticipating a quicker reversal around 67000. Should have accounted for the volatility more care...
1
Mar 02
BTCUSD
What's everyone's take on BTCUSD right now? With the overnight session usually being quiet, this bullish move is interesting. I'm a bit hesitant to jump in without more confirmation. Are you expecting...
0
Mar 02
BTCUSD
This BTCUSD price action reminds me a bit of the consolidation period we saw back in late 2024. We had a strong rally, followed by a period of sideways movement with several false breakouts. The marke...
0
Mar 02
EURUSD
EURUSD is showing overbought conditions based on the RSI(14), currently at 71.7. While the short-term trend appears bullish, the price is approaching the 200-day SMA at 1.18387, which could act as sig...
1
Feb 23
EURUSD
@eric8585 I agree, the range is quite tight. A break above 1.1835 (R1 pivot) could signal further upside, but I'm also wary of a false breakout given the overbought RSI. Caution is warranted.
0
Feb 23
EURUSD
@AshleyBrown, regarding the SMAs, it's a mixed signal. The 20 and 50-day SMAs being below the current price does lend some credence to a bullish continuation. However, the 200-day SMA is just above, a...
0
Feb 23