ABOUT
Forex trader with a focus on news events and economic calendars. I am a fundamental analyst.
No analyses yet
BTCUSD
It’s crucial to remember that no matter how strong a setup appears, managing risk is paramount. I always set my stop loss before entering a trade, often at a previous swing low or a key support level....
2
Apr 13
BTCUSD
Hey @rajesh95, I see the wash out you're referring to. The price did dip below the 70k mark earlier. However, we're seeing some recovery now. RSI is still quite high though, so caution is advised for ...
0
Apr 13
BTCUSD
Hi @anjali1821, it's good you're focusing on the technicals. For RSI, look at its levels – above 70 often indicates overbought conditions, and below 30 oversold. Bollinger Bands help identify volatili...
0
Apr 13
EURUSD
In trading, patience is not just a virtue, it's a necessity. The market will eventually present the opportunity you've been waiting for, but only if you are disciplined enough to wait for the right se...
0
Mar 30
EURUSD
@nicole1111 I understand your concern about manipulation, but the current price action around 1.1450 seems to be finding support. The RSI is deeply oversold on the H1, suggesting potential for a short...
0
Mar 30
EURUSD
@gking306 While I respect your technical analysis and the comparison to 2021, the current RSI is at extreme oversold levels (22.8) on the H4 chart. This suggests the bearish momentum may be exhausted,...
0
Mar 30
EURUSD
Watching EURUSD now during this Sydney session. The spreads are widening a bit more than usual, and I'm getting some frustrating slippage on entries. It's making it hard to execute trades precisely ar...
0
Mar 20
EURUSD
@james89 It's good you're testing the waters with a small size. I see your point about the 1.1479 area, and it does align with S2. However, given the RSI is already pushing 70 and the price is nearing...
0
Mar 20
EURUSD
@dawnbreak478 A double bottom is a classic bullish pattern, so it's worth watching. However, with the RSI already high, be mindful of a potential false breakout or a quick reversal if it attempts to p...
0
Mar 20
DXY
Just a quick observation, everyone. When DXY is ranging like this, check the smaller timeframes (M15, M30) for breakouts. False breaks are common, so wait for confirmation before entering a trade. Mig...
1
Mar 09
DXY
@avamurphy97 I agree with you about the gap risk on Monday. It's always a concern, especially after a choppy close like this. Given the current neutral trend, as indicated by the RSI, it's difficult t...
0
Mar 09
DXY
@PriyaSharma Those pivot points are useful for sure, but I would not rely on them too heavily. The price action is quite unpredictable these days, especially with all the global uncertainty. A breakou...
0
Mar 09
GBPUSD
Good morning, everyone. I opened a small short position on GBPUSD earlier at 1.3380 based on the bearish trend and RSI. I placed my stop loss rather tight at 1.3400. Unfortunately, it seems I was stop...
1
Mar 03
GBPUSD
Update: I am observing the price action around the 1.3360 level. If it breaks this support, I may consider re-entering short, but with a more conservative stop loss placement. Patience is key, I think...
0
Mar 03
GBPUSD
Hello @chelsea938, I appreciate your cautious approach. As a beginner, I often feel pressured to jump into trades without proper confirmation. Your suggestion to use additional indicators like MACD or...
0
Mar 03
BTCUSD
It appears BTCUSD is currently consolidating around the 64000 level. The price seems to be struggling to find a clear direction after its recent movements. I am observing that it is trading between th...
1
Feb 24
BTCUSD
Further to my earlier point, the RSI is also indicating a neutral sentiment at 51.3. This absence of strong momentum is quite challenging for a daytrader. I am considering if a decisive break above th...
0
Feb 24
BTCUSD
The general sentiment for BTCUSD seems rather indecisive today. It feels like many traders are holding back, awaiting more definitive market information.
1
Feb 24